QUARTERLY STATEMENT

OF THE Citizens Property Insurance Corporation

2 0 1 7

OF

Tallahassee

IN THE STATE OF

Florida

TO THE

INSURANCE DEPARTMENT

OF THE

STATE OF Florida

AS OF

SEPTEMBER 30, 2017

PROPERTY AND CASUALTY 2017

STATEMENT AS OF SEPTEMBER 30, 2017 OF THE Citizens Property Insurance Corporation ASSETS Current Statement Date 4 1 2 3 December 31 Net Admitted Assets Prior Year Net Assets Nonadmitted Assets (Cols. 1 - 2) Admitted Assets 1. Bonds 9,302,039,780 9,302,039,780 10,815,093,219 2. Stocks: 2.1 Preferred stocks 2.2 Common stocks 3. Mortgage loans on real estate: 3.1 First liens 3.2 Other than first liens 4. Real estate: 4.1 Properties occupied by the company (less $ encumbrances) 4.2 Properties held for the production of income (less $ encumbrances) 4.3 Properties held for sale (less $ encumbrances) 5. Cash ($ (15,589,909) ), cash equivalents ($ 450,000 ) and short-term investments ($ 1,892,885,697 ) 1,877,745,788 1,877,745,788 1,290,511,927 6. Contract loans (including $ premium notes) 7. Derivatives 8. Other invested assets 9. Receivables for securities 21,882,453 21,882,453 10. Securities lending reinvested collateral assets 11. Aggregate write-ins for invested assets 12. Subtotals, cash and invested assets (Lines 1 to 11) 11,201,668,021 11,201,668,021 12,105,605,146 13. Title plants less $ charged off (for Title insurers only) 14. Investment income due and accrued 67,718,677 67,718,677 75,183,158 15. Premiums and considerations: 15.1 Uncollected premiums and agents’ balances in the course of collection 88,515,650 1,787,443 86,728,207 75,615,384 15.2 Deferred premiums, agents’ balances and installments booked but deferred and not yet due (including $ earned but unbilled premiums) 15.3 Accrued retrospective premiums ($ ) and contracts subject to redetermination ($ ) 16. Reinsurance: 16.1 Amounts recoverable from reinsurers 862,783 862,783 1,142,612 16.2 Funds held by or deposited with reinsured companies 16.3 Other amounts receivable under reinsurance contracts 6,293,395 5,053,255 1,240,140 6,613,950 17. Amounts receivable relating to uninsured plans 18.1 Current federal and foreign income tax recoverable and interest thereon 18.2 Net deferred tax asset 19. Guaranty funds receivable or on deposit 20. Electronic data processing equipment and software 4,688,448 592,503 4,095,945 3,660,907 21. Furniture and equipment, including health care delivery assets ($ ) 2,761,191 2,761,191 22. Net adjustment in assets and liabilities due to foreign exchange rates 23. Receivables from parent, subsidiaries and affiliates 27,244 27,244 41,861 24. Health care ($ ) and other amounts receivable 25. Aggregate write-ins for other-than-invested assets 12,151,832 12,040,546 111,286 954,420 26. Total assets excluding Separate Accounts, Segregated Accounts and Protected Cell Accounts (Lines 12 to 25) 11,384,687,241 22,234,938 11,362,452,303 12,268,817,439 27. From Separate Accounts, Segregated Accounts and Protected Cell Accounts 28. Total (Lines 26 and 27) 11,384,687,241 22,234,938 11,362,452,303 12,268,817,439 DETAILS OF WRITE-INS 1101. 1102. 1103. 1198. Summary of remaining write-ins for Line 11 from overflow page 1199. Totals (Lines 1101 through 1103 plus 1198) (Line 11 above) 2501. ASSESSMENT RECEIVABLE 111,286 111,286 907,386 2502. LEASEHOLD IMPROVEMENTS 122,659 122,659 2503. OTHER ASSETS NONADMITTED 11,917,886 11,917,886 47,034 2598. Summary of remaining write-ins for Line 25 from overflow page 2599. Totals (Lines 2501 through 2503 plus 2598) (Line 25 above) 12,151,832 12,040,546 111,286 954,420

2 STATEMENT AS OF SEPTEMBER 30, 2017 OF THE Citizens Property Insurance Corporation LIABILITIES, SURPLUS AND OTHER FUNDS 1 2 Current December 31, Statement Date Prior Year

1. Losses (current accident year $ 1,220,026,324 ) 1,401,165,549 499,050,740 2. Reinsurance payable on paid losses and loss adjustment expenses 3. Loss adjustment expenses 302,139,724 221,765,252 4. Commissions payable, contingent commissions and other similar charges 6,173,394 5,104,307 5. Other expenses (excluding taxes, licenses and fees) 34,901,177 32,169,409 6. Taxes, licenses and fees (excluding federal and foreign income taxes) 1,105,957 (179,837) 7.1Current federal and foreign income taxes (including $ on realized capital gains (losses)) 7.2 Net deferred tax liability 8. Borrowed money $ 2,340,739,163 and interest thereon $ 32,651,094 2,373,390,258 3,373,901,334 9. Unearned premiums (after deducting unearned premiums for ceded reinsurance of $ 91,246,997 and including warranty reserves of $ and accrued accident and health experience rating refunds including $ for medical loss ratio rebate per the Public Health Service Act) 394,588,502 440,413,180 10. Advance premium 21,951,350 24,148,654 11. Dividends declared and unpaid: 11.1 Stockholders 11.2 Policyholders 12. Ceded reinsurance premiums payable (net of ceding commissions) 160,969,219 93,198,820 13. Funds held by company under reinsurance treaties 6,084 6,690 14. Amounts withheld or retained by company for account of others 144,459,924 144,041,522 15. Remittances and items not allocated 2,375,697 94,637 16. Provision for reinsurance (including $ certified) 10,786 10,785 17. Net adjustments in assets and liabilities due to foreign exchange rates 18. Drafts outstanding 19. Payable to parent, subsidiaries and affiliates 20. Derivatives 21. Payable for securities 34,037,388 334,878 22. Payable for securities lending 23. Liability for amounts held under uninsured plans 24. Capital notes $ and interest thereon $ 25. Aggregate write-ins for liabilities 28,450,235 32,954,751 26. Total liabilities excluding protected cell liabilities (Lines 1 through 25) 4,905,725,243 4,867,015,124 27. Protected cell liabilities 28. Total liabilities (Lines 26 and 27) 4,905,725,243 4,867,015,124 29. Aggregate write-ins for special surplus funds 8,270,652 8,236,861 30. Common capital stock 31. Preferred capital stock 32. Aggregate write-ins for other than special surplus funds 33. Surplus notes 34. Gross paid in and contributed surplus 35. Unassigned funds (surplus) 6,448,456,408 7,393,565,454 36. Less treasury stock, at cost: 36.1 shares common (value included in Line 30 $ ) 36.2 shares preferred (value included in Line 31 $ )

37. Surplus as regards policyholders (Lines 29 to 35, less 36) 6,456,727,060 7,401,802,315 38. Totals (Page 2, Line 28, Col. 3) 11,362,452,303 12,268,817,439

DETAILS OF WRITE-INS 2501. ESCHEAT FUNDS 29,846,942 34,365,878 2502. RETROACTIVE REINSURANCE RESERVES (1,396,707) (1,411,127) 2503. 2598. Summary of remaining write-ins for Line 25 from overflow page 2599. Totals (Lines 2501 through 2503 plus 2598) (Line 25 above) 28,450,235 32,954,751 2901. FSLSO RESTRICTED SURPLUS 8,270,652 8,236,861 2902. 2903. 2998. Summary of remaining write-ins for Line 29 from overflow page 2999. Totals (Lines 2901 through 2903 plus 2998) (Line 29 above) 8,270,652 8,236,861 3201. 3202. 3203. 3298. Summary of remaining write-ins for Line 32 from overflow page 3299. Totals (Lines 3201 through 3203 plus 3298) (Line 32 above)

3 STATEMENT AS OF SEPTEMBER 30, 2017 OF THE Citizens Property Insurance Corporation STATEMENT OF INCOME 1 2 3 Current Year Prior Year Prior Year Ended to Date to Date December 31 UNDERWRITING INCOME 1. Premiums earned: 1.1 Direct (written $ 701,591,989 ) 696,727,353 852,360,877 1,105,384,516 1.2 Assumed (written $ ) 1.3 Ceded (written $ 259,924,764 ) 209,235,451 346,032,558 479,844,263 1.4 Net (written $ 441,667,225 ) 487,491,902 506,328,319 625,540,253 DEDUCTIONS: 2. Losses incurred (current accident year $ 1,298,236,096 ): 2.1 Direct 1,321,603,340 222,288,342 344,926,118 2.2 Assumed 2.3 Ceded 175,522,373 (654,583) (842,174) 2.4 Net 1,146,080,968 222,942,925 345,768,292 3. Loss adjustment expenses incurred 212,958,629 104,604,914 167,145,608 4. Other underwriting expenses incurred 172,695,260 189,807,762 241,460,242 5. Aggregate write-ins for underwriting deductions 6. Total underwriting deductions (Lines 2 through 5) 1,531,734,857 517,355,602 754,374,143 7. Net income of protected cells 8. Net underwriting gain (loss) (Line 1 minus Line 6 + Line 7) (1,044,242,954) (11,027,283) (128,833,890)

INVESTMENT INCOME 9. Net investment income earned 80,799,666 19,192,271 33,154,106 10. Net realized capital gains (losses) less capital gains tax of $ 15,631,113 61,887,506 66,195,110 11. Net investment gain (loss) (Lines 9 + 10) 96,430,780 81,079,777 99,349,216

OTHER INCOME 12. Net gain or (loss) from agents' or premium balances charged off (amount recovered $ 300 amount charged off $ 180,529 ) 180,829 (1,527,829) (1,525,790) 13. Finance and service charges not included in premiums 2,272,811 2,807,835 3,631,288 14. Aggregate write-ins for miscellaneous income 1,192,650 586,128 301,669 15. Total other income (Lines 12 through 14) 3,646,290 1,866,134 2,407,166 16. Net income before dividends to policyholders, after capital gains tax and before all other federal and foreign income taxes (Lines 8 + 11 + 15) (944,165,885) 71,918,627 (27,077,508) 17. Dividends to policyholders 18. Net income, after dividends to policyholders, after capital gains tax and before all other federal and foreign income taxes (Line 16 minus Line 17) (944,165,885) 71,918,627 (27,077,508) 19. Federal and foreign income taxes incurred 20. Net income (Line 18 minus Line 19)(to Line 22) (944,165,885) 71,918,627 (27,077,508)

CAPITAL AND SURPLUS ACCOUNT 21. Surplus as regards policyholders, December 31 prior year 7,401,802,315 7,389,691,807 7,389,691,807 22. Net income (from Line 20) (944,165,885) 71,918,627 (27,077,508) 23. Net transfers (to) from Protected Cell accounts 24. Change in net unrealized capital gains or (losses) less capital gains tax of $ (28,781) 224,660 149,777 25. Change in net unrealized foreign exchange capital gain (loss) 26. Change in net deferred income tax 27. Change in nonadmitted assets (880,590) 36,646,584 38,735,689 28. Change in provision for reinsurance 499 29. Change in surplus notes 30. Surplus (contributed to) withdrawn from protected cells 31. Cumulative effect of changes in accounting principles 32. Capital changes: 32.1 Paid in 32.2 Transferred from surplus (Stock Dividend) 32.3 Transferred to surplus 33. Surplus adjustments: 33.1 Paid in 33.2 Transferred to capital (Stock Dividend) 33.3 Transferred from capital 34. Net remittances from or (to) Home Office 35. Dividends to stockholders 36. Change in treasury stock 37. Aggregate write-ins for gains and losses in surplus 302,052 38. Change in surplus as regards policyholders (Lines 22 through 37) (945,075,255) 108,789,872 12,110,508 39. Surplus as regards policyholders, as of statement date (Lines 21 plus 38) 6,456,727,060 7,498,481,679 7,401,802,315 DETAILS OF WRITE-INS 0501. 0502. 0503. 0598. Summary of remaining write-ins for Line 5 from overflow page 0599. TOTALS (Lines 0501 through 0503 plus 0598) (Line 5 above) 1401. OTHER INCOME/(EXPENSE) 1,207,268 586,128 643,844 1402. ASSESSMENT INCOME 1403. RETROACTIVE REINSURANCE GAIN/LOSS (13,489) (22,092) 1498. Summary of remaining write-ins for Line 14 from overflow page (1,129) (320,083) 1499. TOTALS (Lines 1401 through 1403 plus 1498) (Line 14 above) 1,192,650 586,128 301,669 3701. OVERFUNDED PLAN ASSET 302,052 3702. 3703. 3798. Summary of remaining write-ins for Line 37 from overflow page 3799. TOTALS (Lines 3701 through 3703 plus 3798) (Line 37 above) 302,052

4 STATEMENT AS OF SEPTEMBER 30, 2017 OF THE Citizens Property Insurance Corporation

CASH FLOW 1 2 3 Current Year Prior Year Prior Year Ended To Date To Date December 31 Cash from Operations 1. Premiums collected net of reinsurance 500,919,440 513,457,887 545,300,915 2. Net investment income 148,295,240 119,383,445 106,689,549 3. Miscellaneous income 3,582,299 (3,180,436) (2,524,272) 4. Total (Lines 1 to 3) 652,796,979 629,660,896 649,466,192 5. Benefit and loss related payments 244,395,420 289,553,646 368,170,212 6. Net transfers to Separate Accounts, Segregated Accounts and Protected Cell Accounts 7. Commissions, expenses paid and aggregate write-ins for deductions 299,265,107 296,541,279 391,804,927 8. Dividends paid to policyholders 9. Federal and foreign income taxes paid (recovered) net of $ tax on capital gains (losses) 10. Total (Lines 5 through 9) 543,660,527 586,094,925 759,975,139 11. Net cash from operations (Line 4 minus Line 10) 109,136,452 43,565,971 (110,508,947) Cash from Investments 12. Proceeds from investments sold, matured or repaid: 12.1 Bonds 5,765,481,817 7,122,812,128 8,807,288,635 12.2 Stocks 12.3 Mortgage loans 12.4 Real estate 12.5 Other invested assets 12.6 Net gains or (losses) on cash, cash equivalents and short-term investments 2,609,591 15,457,720 17,223,986 12.7 Miscellaneous proceeds (21,885,964) (14,452,109) 5,829,030 12.8 Total investment proceeds (Lines 12.1 to 12.7) 5,746,205,444 7,123,817,739 8,830,341,651 13. Cost of investments acquired (long-term only): 13.1 Bonds 4,301,474,293 6,684,550,280 8,199,926,287 13.2 Stocks 13.3 Mortgage loans 13.4 Real estate 13.5 Other invested assets 13.6 Miscellaneous applications (33,702,510) (49,424,746) (31,518,486) 13.7 Total investments acquired (Lines 13.1 to 13.6) 4,267,771,783 6,635,125,534 8,168,407,801 14. Net increase (or decrease) in contract loans and premium notes 15. Net cash from investments (Line 12.8 minus Line 13.7 and Line 14) 1,478,433,661 488,692,205 661,933,850 Cash from Financing and Miscellaneous Sources 16. Cash provided (applied): 16.1 Surplus notes, capital notes 16.2 Capital and paid in surplus, less treasury stock 16.3 Borrowed funds (998,500,000) (923,085,000) (923,085,000) 16.4 Net deposits on deposit-type contracts and other insurance liabilities 16.5 Dividends to stockholders 16.6 Other cash provided (applied) (1,836,252) 31,430,502 (3,052,851) 17. Net cash from financing and miscellaneous sources (Line 16.1 through Line 16.4 minus Line 16.5 plus Line 16.6) (1,000,336,252) (891,654,498) (926,137,851) RECONCILIATION OF CASH, CASH EQUIVALENTS AND SHORT-TERM INVESTMENTS 18. Net change in cash, cash equivalents and short-term investments (Line 11, plus Lines 15 and 17) 587,233,862 (359,396,323) (374,712,949) 19. Cash, cash equivalents and short-term investments: 19.1 Beginning of year 1,290,511,927 1,665,224,876 1,665,224,876 19.2 End of period (Line 18 plus Line 19.1) 1,877,745,789 1,305,828,553 1,290,511,927

5 STATEMENT AS OF SEPTEMBER 30, 2017 OF THE Citizens Property Insurance Corporation

NOTES TO FINANCIAL STATEMENTS

Note 1 - Summary of Significant Accounting Policies

A. Accounting Practices

The accompanying financial statements of Citizens Property Insurance Corporation (Citizens or the Company) have been prepared in accordance with accounting practices prescribed or permitted by the Florida Office of Insurance Regulation (the Office).

Although Citizens does not have a certificate of authority, the accompanying financial statements have been prepared in accordance with the National Association of Insurance Commissioners’ (NAIC) Accounting Practices and Procedures Manual subject to any deviations prescribed or permitted by the Office.

Differences between Florida prescribed practices and NAIC statutory accounting practices (NAIC SAP) which affect the Company are prescribed in F.S. 625.305. This statute provides limitations on the admission of invested assets classified as medium to lower quality obligations by the Securities Valuation Office (SVO) as a percentage of total admitted assets, among other limitations not applicable to the Company. For the periods presented below, there was no effect of state prescribed or permitted practices on net income or policyholder’s surplus.

Description SSAP # F/S F/S 2017 2016 Page Line # 1. Net income, state basis XXX XXX XXX $ (944,165,885) $ (27,077,508) 2. Effect of state prescribed practices - - 3. Effect of state permitted practices - - 4. Net income, NAIC SAP basis XXX XXX XXX $ (944,165,885) $ (27,077,508)

Description SSAP F/S F/S 2017 2016 # Page Line # 5. Policyholders’ surplus, state basis XXX XXX XXX $ 6,456,727,060 $ 7,401,802,315 6. Effect of state prescribed practices - - 7. Policyholders’ surplus, NAIC SAP basis XXX XXX XXX $ 6,456,727,060 $ 7,401,802,315

B. Use of Estimates

No significant changes.

C. Accounting Policies

No significant changes.

Note 2 - Accounting Changes and Correction of Errors

A. Accounting Changes Other than Codification and Correction of Errors

No significant changes.

Note 3 – Business Combinations and Goodwill

A. Statutory Purchase Method – Not applicable.

B. Statutory Merger

No significant changes.

C. Writedowns for Impairment of Investments in Affiliates – Not applicable.

Note 4 – Discontinued Operations

Not applicable.

6 STATEMENT AS OF SEPTEMBER 30, 2017 OF THE Citizens Property Insurance Corporation

NOTES TO FINANCIAL STATEMENTS

Note 5 – Investments

A. Mortgage Loans, including Mezzanine Real Estate Loans - Not applicable.

B. Troubled Debt Restructuring for Creditors - Not applicable.

C. Reverse Mortgages - Not applicable.

D. Loan Backed Securities

1. Prepayment assumptions for asset-backed securities were obtained from broker dealer survey values or internal estimates.

2. Citizens did not recognize any other-than-temporary-impairments (OTTI) on loan-backed securities due to its intent to sell or an inability or lack of intent to retain the investment in the security for a time sufficient to recover the amortized cost during the quarter ended September 30, 2017.

3. Citizens did not recognize any other-than-temporary-impairments (OTTI) on loan-backed securities due to the present value of cash flows being less than the amortized cost basis during the quarter ended September 30, 2017.

4. Loan-backed and structured securities in unrealized loss positions as of September 30, 2017, stratified by length of time continuously in these unrealized loss positions, are as follows:

a. Aggregate amount of unrealized loss 1. Less than twelve months $ 1,031,436 2. Twelve months or longer $ - b. Aggregate fair value of securities with unrealized loss 1. Less than twelve months $ 170,919,858 2. Twelve months or longer $ -

5. Citizens undertook a thorough analysis of all loan-backed and structured securities in an unrealized loss position to determine if any other-than-temporary impairment should be recognized during the period ended September 30, 2017. Declines in market value of invested assets are continually evaluated to determine whether these declines are temporary or other-than-temporary in nature. In making this determination, the Company monitors external impairment indicators such as issuer credit ratings as well as the extent and duration of the related declines and internal impairment indicators such as the Company’s intent and ability with respect to retention of the impaired securities. These indicators are obtained from both third-party valuation services and internal analyses performed by the Company. No such other-than-temporary declines in market value have been recognized in the reporting period as these declines are primarily attributable to credit spread widening and increased liquidity discounts. It is possible that Citizens could recognize other-than-temporary impairments in the future on some of the securities, if future events, information and the passage of time cause it to conclude that declines in value are other-than temporary.

E. Repurchase Agreements and/or Securities Lending Transactions

No significant changes.

F. Real Estate – Not Applicable.

G. Low Income Housing Tax Credits – Not applicable.

6.1 STATEMENT AS OF SEPTEMBER 30, 2017 OF THE Citizens Property Insurance Corporation

NOTES TO FINANCIAL STATEMENTS

H. Restricted Assets (1) Restricted assets (including pledged) summarized by restricted asset category:

Gross Restricted Percentage Current Year 1 2 3 4 5 6 7 8 9 10 G/A Supporting Protected Cell Restricted Assets (a) Protected Cell Assets Admitted Restricted Total Gene ral Total Protected Cell Total Protected Cell Supporting G/A Total From Prior Increase/(Decrease) (5 Total Current Year Admitted Gross Restricted to to Total Admitted Restricted Asset Category Account (G/A) Restricted Assets Restricted Assets Activity (b) Total (1 plus 3) Ye ar minus 6) Restricted Total Assets Assets a. Subject to contractual obligation for which liability is not shown - - - - - b. Collateral held under security lending arrangements - - - - - c. Subject to repurchase agreements - - - - - d. Subject to reverse repurchase agreements - - - - - e. Subject to dollar repurchase agreements - - - - - f. Subject to dollar reverse repurchase agreements - - - - - g. Placed under option contracts - - - - - h. Letter stock or securities restricted as to sale - excluding FHLB capital stock - - - - - i. FHLB capital stock - - - - - j. On deposit with states - - - - - k. On deposit with other regulatory bodies - - - - - l. Pledged as collateral to FHLB (including assets backing funding - - - - - m. Pledged as collateral not captured in other categories 149,454,607 149,454,607 751,409,542 (601,954,936) 149,454,607 1.31% 1.32% n. Other restricted assets 8,270,652 8,270,652 8,236,861 33,791 8,270,652 0.07% 0.07% o. Total restricted assets 157,725,259 - - - 157,725,259 759,646,404 (601,921,145) 157,725,259 1.39% 1.39%

(2) Detail of assets pledged as collateral not captured in other categories (reported on line m above):

Gross Restricted Percentage Current Year 1 2 3 4 5 6 7 8 9 10 G/A Supporting Protected Cell Restricted Assets (a) Protected Cell Assets Admitted Restricted Total Ge ne ral Total Protected Cell Total Protected Cell Supporting G/A Total From Prior Increase/(Decrease) (5 Total Curre nt Year Admitte d Gross Restricted to to Total Admitted Collateral Agreement Account (G/A) Restricted Assets Restricted Assets Activity (b) Total (1 plus 3) Ye ar minus 6) Restricted Total Assets Assets Debt service reserves 149,454,607 - - - 149,454,607 751,409,542 (601,954,936) 149,454,607 1.31% 1.32%

Total 149,454,607 - - - 149,454,607 751,409,542 (601,954,936) 149,454,607 1.31% 1.32%

(3) Detail of other restricted assets (reported on line n above):

Gross Restricted Percentage Current Year 1 2 3 4 5 6 7 8 9 10 G/A Supporting Protected Cell Restricted Assets (a) Protected Cell Assets Admitted Restricted Total Ge ne ral Total Protected Cell Total Protected Cell Supporting G/A Total From Prior Increase/(Decrease) (5 Total Curre nt Year Admitte d Gross Restricted to to Total Admitted Collateral Agreement Account (G/A) Restricted Assets Restricted Assets Activity (b) Total (1 plus 3) Ye ar minus 6) Restricted Total Assets Assets FSLSO Assessment Advance 8,270,652 - - - 8,270,652 8,236,861 33,791 8,270,652 0.07% 0.07%

Total 8,270,652 - - - 8,270,652 8,236,861 33,791 8,270,652 0.07% 0.07%

(4) Collateral Received and Reflected as Assets Within the Reporting Entity’s Financial Statements

1 2 3 4 Collateral Assets Book/Adjusted Carrying Fair Value % of BACV to Total % of BACV to Total Value (BACV) Assets (Admitted and Admitted Assets ** Nonadmitted) * a. Cash $ $ % % b. Schedule D, Part 1 % % c. Schedule D, Part 2, Sec. 1 % % d. Schedule D, Part 2, Sec. 2 % % e. Schedule B % % f. Schedule A NONE % % g. Schedule BA, Part 1 % % h. Schedule DL, Part 1 % % i. Other % % j. Total Collateral Assets (a+b+c+d+e+f+g+h+i) $ $ % % 6.2 STATEMENT AS OF SEPTEMBER 30, 2017 OF THE Citizens Property Insurance Corporation

NOTES TO FINANCIAL STATEMENTS

I. Working Capital Finance Investments – Not applicable.

J. Offsetting and Netting of Assets and Liabilities – Not applicable.

K. Structured Notes – Not applicable.

L. 5* Securities – Not applicable

Note 6 – Joint Ventures, Partnerships and Limited Liability Companies

A. Detail for Those Greater than 10% of Admitted Assets – Not applicable.

B. Write-downs for Impairment of Joint Ventures, Partnerships and LLCs – Not applicable.

Note 7 – Investment Income

A. Accrued Investment Income

No significant changes.

B. Amounts Non-admitted – Not applicable.

Note 8 – Derivative Instruments

Not applicable.

Note 9 – Income Taxes

No significant changes.

Note 10 – Information Concerning Parent, Subsidiaries, Affiliates and Other Related Parties

Not applicable.

Note 11 – Debt

A. Amount, Interest, Maturities, Collateral, Covenants

As of September 30, 2017, scheduled bond maturities at par value are as follows (in thousands):

Series 2015A-1 Series 2011A-1 Series 2012A-1 through 2015A-2 Coastal Bonds PLA-CLA Bonds Coastal Bonds Total 2017 - - - - 2018 125,000 130,000 200,000 455,000 2019 175,000 160,000 - 335,000 2020 175,000 160,000 300,000 635,000 After - 320,000 500,000 820,000

$ 475,000 $770,000 $1,000,000 $2,245,000

B. Funding Agreements with Federal Home Loan Bank (FHLB) – Not applicable.

Note 12 – Retirement Plans, Deferred Compensation, Postemployment Benefits and Compensated Absences and Other Postretirement Benefit Plans

6.3 STATEMENT AS OF SEPTEMBER 30, 2017 OF THE Citizens Property Insurance Corporation

NOTES TO FINANCIAL STATEMENTS

A. Defined Benefit Plans

No significant changes.

B-D. Description of Investment Policies, Fair Value of Plan Assets, and Rate of Return Assumptions

No significant changes.

E. Defined Contribution Plans

No significant changes.

F. Multiemployer Plans – Not applicable.

G. Consolidated/Holding Company Plans – Not applicable.

H. Postemployment Benefits and Compensated Absences

No significant changes.

M. Impact of Medicare Modernization Act on Postretirement Benefits – Not applicable.

Note 13 – Capital and Surplus, Shareholders’ Dividend Restrictions and Quasi-Reorganizations

Not applicable.

Note 14 – Contingencies

A. Contingent Commitments - Not applicable.

B. Guaranty Fund and Other Assessments – No significant changes.

C. Gain Contingencies – Not applicable.

D. Extra Contractual Obligation and Bad Faith Losses – Not applicable.

E. Product Warranties – Not applicable.

F. Joint and Several Liabilities – Not applicable.

G. All Other Contingencies

Citizens is involved in certain litigation and disputes incidental to its operations. In the opinion of management, after consultation with legal counsel, there are substantial defenses to such litigation and disputes and any ultimate liability, in excess of reserves resulting there from, will not have a material adverse effect on the financial condition or results of operations of Citizens. Citizens is also involved in other potentially significant litigation described below. Due to the preliminary nature of the following litigation, the potential loss, if any, is not determinable at this time.

A summary of potentially significant litigation follows:

Frank Catchpole v Citizens. This Leon County Circuit Court class action relates to Citizens’ wind mitigation reinspections around the time of 2011-2012. Plaintiff alleges that the Uniform Wind Mitigation Inspection Form (submitted by the insured) which identified wind mitigation features which were eligible for a discount was valid for five years. Therefore, Plaintiff contends Citizens’ reinspection of the wind mitigation features of the property and removal of wind mitigation discounts that were not

6.4 STATEMENT AS OF SEPTEMBER 30, 2017 OF THE Citizens Property Insurance Corporation

NOTES TO FINANCIAL STATEMENTS

validated was improper. In particular, Plaintiff alleges that Citizens “accepted” the Mitigation Form by applying the discount and then could not subsequently verify the mitigation feature through reinspection.

Litigation of this suit, as a class action, is ongoing. Discovery continues with various depositions of Citizens employees expected in the coming months. A Trial is scheduled for March 19, 2018. Citizens will vigorously defend our actions.

Castellanos v. Citizens. This is a 2006 limited class action matter brought on behalf of the unit owners of a 2-story, 66 unit condominium building in Miami Beach for alleged Hurricane Wilma damage. Sunny Isles Resort Developers (“developer”) purchased all the units directly from the individual unit owners (“plaintiffs”) shortly before Hurricane Wilma. Plaintiffs alleged an assignment from the developer for any future claim benefits. The developer intervened in the lawsuit denying the assignment. In 2009, the trial court assumed a valid assignment existed and granted the class certification while acknowledging the assignment issue required a more thorough consideration during the litigation. Citizens appealed the Class Certification Order to the 3rd District Court of Appeals, but later requested relinquishment of the District Court’s jurisdiction in order to argue in the trial court that neither the plaintiff nor the developer received a valid assignment since the Association failed to execute an assignment. The trial court granted a directed verdict for Citizens and found that plaintiffs lacked standing since the assignment was invalid. Plaintiffs appealed to the 3rd District Court of Appeals. On appeal, Citizens argued that order should be affirmed thus eliminating the class action. In 2012, the District Court reversed the trial court’s ruling reinstating the class action certification. Citizens’ Motions for Rehearing, Rehearing En Banc & Request for Oral Argument were denied. Plaintiffs filed a motion for summary judgment on the developer’s "assignment" issue. In January 2015, the trial court denied plaintiffs’ motion as procedurally improper. Plaintiffs’ filed a Motion for Mistrial. The trial court ordered the parties to mediation which impassed. Citizens filed a motion for involuntary dismissal based on the same rationale as Plaintiffs’ Motion for Mistrial. The trial court granted the Plaintiffs’ Motion for Mistrial and denied Citizens’ motion. However, during the hearing, plaintiffs’ counsel alleged the discovery of new documents supporting their position and the court allowed the admission of the new documents into the record. Both parties immediately served extensive discovery relating to the newly submitted documents. In November 2016, the developer filed a Motion for Leave to File a Cross-Complaint. Plaintiffs filed a memo in opposition and defense counsel responded preserving all of Citizens’ rights and defenses, including undue delay. The trial court granted the developer’s motion. In January 2017, Citizens filed an Answer & Affirmative defenses to the developer’s Cross-Complaint. Citizens filed a Motion for Summary Judgment against the developer to dismiss all claims against Citizens, based on factual evidence that the property was not condemned. Thereafter the developer filed a Motion to Compel Appraisal. The court heard both Citizens’ Motion for Summary Judgment and the developer’s Motion to Compel Appraisal. The court granted Citizens’ motion and denied the developer’s motion.

Both the plaintiffs and the developer have filed Notices of Appeal and the case is now on appeal before the Third District Court of Appeal. Citizens moved to consolidate each of the appeals for all purposes and that motion was granted on September 29, 2017. We anticipate that the plaintiffs and the developer will each be filing their initial briefs arguing that the Trial Court erred in granting our motions for summary judgment.

Note 15 - Leases

A. Lessee Leasing Arrangements

No significant changes.

B. Lessor Leasing Arrangements – Not applicable.

Note 16 – Information About Financial Instruments With Off-Balance Sheet Risk and Financial instruments with Concentrations of Credit Risk.

1. Face or Contracts Amounts - Not applicable.

2. Nature and Terms – Not applicable.

3. Exposure to Credit-related Losses – Not applicable.

4. Collateral Policy – Not applicable.

6.5 STATEMENT AS OF SEPTEMBER 30, 2017 OF THE Citizens Property Insurance Corporation

NOTES TO FINANCIAL STATEMENTS

Note 17 – Sale, Transfer and Servicing of Financial Assets and Extinguishments of Liabilities

A. Transfers of Receivables Reported as Sales – Not applicable.

B. Transfers and Servicing of Financial Assets – Not applicable.

C. Wash Sales – Not applicable.

Note 18 – Gain or Loss from Uninsured Plans and Uninsured Portion of Partially Insured Plans

A. Administrative Services Only (ASO) Plans – Not applicable.

B. Administrative Services Contract (ASC) Plans – Not applicable.

C. Medicare or Similarly Structured Cost Based Reimbursement Contracts – Not applicable.

Note 19 – Direct Premium Written/Produced by Managing General Agents/Third Party Administrators

No significant changes.

Note 20 – Fair Value Measurements

A. Inputs Used for Assets and Liabilities Measured at Fair Value

1. Fair Value Measurements by Levels 1, 2 and 3

The Company has categorized its assets and liabilities that are measured at fair value into the three-level fair value hierarchy as reflected in the table below. The three-level fair value hierarchy is based on the degree of subjectivity inherent in the valuation method by which fair value was determined. The three levels are defined as follows.

Level 1 – Quoted Prices in Active Markets for Identical Assets and Liabilities: The estimated fair value of these items were based on quoted prices in active markets and are thus classified as Level 1.

Level 2 – Significant Other Observable Inputs: This category, for items measured are fair value on a recurring basis, includes bonds which are not exchange-traded. The estimated fair values of these items were determined by independent pricing services using observable inputs.

Level 3 – Significant Unobservable Inputs: The Company has no assets or liabilities measured at fair value in this category.

At the end of each reporting period, the Company evaluates whether or not any event has occurred or circumstances have changed that would cause an instrument to be transferred between Levels 1 and 2. This policy also applies to transfers into or out of Level 3. During the current reporting period, no such transfers occurred.

2. Rollforward of Level 3 Items

The Company has no assets or liabilities measured at fair value in the Level 3 category.

3. Policy on Transfers Into and Out of Level 3

At the end of each reporting period, the Company evaluates whether or not any event has occurred or circumstances have changed that would cause an instrument to be transferred into or out of Level 3. During the current year, no transfers into or out of Level 3 were required.

6.6 STATEMENT AS OF SEPTEMBER 30, 2017 OF THE Citizens Property Insurance Corporation

NOTES TO FINANCIAL STATEMENTS

4. Inputs and Techniques Used for Level 2 and Level 3 Fair Values

Bonds carried at fair value categorized as Level 2 are valued using the market approach. The estimated fair values of some of these items were determined by independent pricing services and relevant market data observable inputs. Others were based on broker quotes from markets which were not considered actively traded. Some valuations were determined to be Level 2 valuations as quoted market prices for similar instruments in an active market were utilized. This was accomplished by the use of matrix pricing. Matrix pricing takes quoted prices of bonds with similar features and applies analytic methods to determine the fair value of bonds held. Features that are inputs into the analysis include duration, credit quality, tax status and call and sinking fund features.

The Company has no assets or liabilities measured at fair value in the Level 3 category.

5. Derivative Fair Values – Not applicable.

B. Other Fair Value Disclosures – Not applicable.

C. Fair Values for All Financial Instruments by Levels 1, 2 and 3

The following table reflects the admitted values and estimated aggregate fair values of all admitted assets and liabilities that are financial instruments at September 30, 2017. The estimated fair values are categorized into the three-level fair value hierarchy as described below.

Not Practicable Aggregate Fair Value Admitted Assets Level 1 Level 2 Level 3 (Carrying Value) Financial assets: Bonds $ 9,304,211,252.00 $ 9,302,039,780 $ 1,435,370,319 $ 7,868,840,933 $ - Short-term investments 1,897,478,160 1,892,885,697 1,750,472,301 147,005,859 - Cash and cash equivalents (15,139,909) (15,139,909) (49,989,970) 34,850,061 - Investment income due and accrued 67,718,677 67,718,677 67,718,677 - Total financial assets 11,254,268,180 11,247,504,246 3,135,852,650 8,118,415,530 - -

Financial liabilities: Bonds payable 2,439,815,851 2,340,739,163 - 2,439,815,851 - - Interest payable 32,651,094 32,651,094 - 32,651,094 - - Total financial liabilities $ 2,472,466,945 $ 2,373,390,258 $ - $ 2,472,466,945 $ - $ -

D. Reasons Not Practical to Estimate Fair Values – Not applicable.

Note 21 – Other Items

A. Extraordinary items – Not applicable.

B. Troubled Debt Restructuring for Debtors – Not applicable.

C. Other Disclosures – No significant changes.

D. Business Interruption Insurance Recoveries – Not applicable.

E. State Transferable Tax Credits – Not applicable.

F. Subprime Mortgage Related Risk Exposure – No significant changes.

6.7 STATEMENT AS OF SEPTEMBER 30, 2017 OF THE Citizens Property Insurance Corporation

NOTES TO FINANCIAL STATEMENTS

G. Proceeds from Issuance of Insurance-Linked Securities

Number of Outstanding Aggregate Maximum ILS Contracts Proceeds Manageme nt of Risk Related to: (1) Directly-Written Insurance Risks a. ILS Contracts as Issuer $ - $ - b. ILS Contracts as Ceding Insurer 1 300,000,000 c. ILS Contracts as Counterparty - -

(2) Assumed Insurance Risks a. ILS Contracts as Issuer $ - $ - b. ILS Contracts as Ceding Insurer - - c. ILS Contracts as Counterparty - -

Note 22 - Events Subsequent

Subsequent events have been considered through November 15, 2017, the date of issuance of these statutory financial statements.

On October 27, 2017, Citizens, through its Indenture Trustee, Regions Bank, posted a Notice of Redemption to notify bondholders that on December 1, 2017, Citizens' will exercise its optional redemption rights to redeem certain of its outstanding pre-event bonds at par value.

On December 1, 2017, Citizens will redeem $50 million of its series 2015A-1 fixed rate bonds and $150 million each of its series 2015A-2 floating rate bonds for a combined redemption total of $350 million.

Note 23 – Reinsurance

A. Unsecured Reinsurance Recoverables – No significant changes.

B. Reinsurance Recoverables in Dispute – No significant changes.

C. Reinsurance Assumed and Ceded and Protected Cells – No significant changes.

D. Uncollectible Reinsurance – Not applicable.

E. Commutation of Ceded Reinsurance – Not applicable.

F. Retroactive Reinsurance – Not applicable.

G. Reinsurance Accounted for as a Deposit – Not applicable.

H. Run-off Agreements – Not applicable.

I. Certified Reinsurer Rating Downgraded or Status Subject to Revocation – Not applicable.

J. Reinsurance Agreements Qualifying for Reinsurance Aggregation – Not applicable.

Note 24 – Retrospectively Rated Contracts and Contracts Subject to Redetermination

A. Method Used to Estimate – Not applicable.

B. Method Used to Record – Not applicable.

6.8 STATEMENT AS OF SEPTEMBER 30, 2017 OF THE Citizens Property Insurance Corporation

NOTES TO FINANCIAL STATEMENTS

C. Amount and Percent of Net Retrospective Premiums – Not applicable.

D. Medical Loss Ratio Rebates – Not applicable.

E. Calculation of Nonadmitted Accrued Retrospective Premiums – Not applicable.

F. Risk Sharing Provisions of the Affordable Care Act – Not applicable.

1. Did the reporting entity write accident and health insurance premium that is subject to the Affordable Care Act risk-sharing provisions – No

2. Impact of Risk-Sharing Provisions of the Affordable Care Act on Admitted Assets, Liabilities and Revenue for the Current Year:

3. Roll-forward of prior year ACA risk-sharing provisions for the following asset (gross of any nonadmission) and liability balances, along with the reasons for adjustments to prior year balance:

6.9 STATEMENT AS OF SEPTEMBER 30, 2017 OF THE Citizens Property Insurance Corporation

NOTES TO FINANCIAL STATEMENTS

4. Roll-Forward of Risk Corridors Asset and Liability Balances by Program Benefit Year

5. ACA Risk Corridors Receivable as of Reporting Date

Note 25 – Changes in Incurred Losses and Loss Adjustment Expenses

A. The estimated cost of loss and loss adjustment expenses attributable to insured events of prior years’ increased by approximately $43.4 million, net of reinsurance, during the period ended September 30, 2017. Increases or decreases of this nature occur as a result of claim settlements during the current year, and as additional information is received regarding individual claims, causing changes from the original estimates of the cost of these claims. No additional premiums or return premiums have been accrued as a result of the prior-year effects.

Current Loss Current Calendar Year Losses and LAE Incurred Year Losses and (000’s omitted) Shortage LAE Incurred Lines of Business (Redundancy) Losses Incurred LAE Incurred Totals Homeowners $348,918 $112,396 $461,314 $419,490 $41,824 Fire and Allied Lines 797,163 100,562 897,725 896,142 1,583 Totals $1,146,081 $212,958 $1,359,039 $1,315,632 $43,407

Note 26 – Intercompany Pooling Arrangements

Not applicable.

Note 27 – Structured Settlements

Not applicable.

6.10 STATEMENT AS OF SEPTEMBER 30, 2017 OF THE Citizens Property Insurance Corporation

NOTES TO FINANCIAL STATEMENTS

Note 28 – Health Care Receivables

Not applicable.

Note 29 – Participating Policies

Not applicable.

Note 30 – Premium Deficiency Reserves

Not applicable.

Note 31 – High Deductibles

Not applicable.

Note 32 – Discounting of Liabilities for Unpaid Losses or Unpaid Loss Adjustment Expenses

Not applicable.

Note 33 – Asbestos and Environmental Reserves

Not applicable.

Note 34 – Subscriber Savings Accounts

Not applicable.

Note 35 – Multiple Peril Crop Insurance

Not applicable.

Note 36 – Financial Guaranty Insurance

Not applicable.

6.11 STATEMENT AS OF SEPTEMBER 30, 2017 OF THE Citizens Property Insurance Corporation GENERAL INTERROGATORIES

PART 1 - COMMON INTERROGATORIES GENERAL

1.1 Did the reporting entity experience any material transactions requiring the filing of Disclosure of Material Transactions with the State of Yes [ ] No [X] Domicile, as required by the Model Act? 1.2 If yes, has the report been filed with the domiciliary state? Yes [ ] No [ ]

2.1 Has any change been made during the year of this statement in the charter, by-laws, articles of incorporation, or deed of settlement of the reporting entity? Yes [ ] No [X]

2.2 If yes, date of change:

3.1 Is the reporting entity a member of an Insurance Holding Company System consisting of two or more affiliated persons, one or more of Yes [ ] No [X] which is an insurer?

If yes, complete Schedule Y, Parts 1 and 1A.

3.2 Have there been any substantial changes in the organizational chart since the prior quarter end? Yes [ ] No [X]

3.3 If the response to 3.2 is yes, provide a brief description of those changes.

4.1 Has the reporting entity been a party to a merger or consolidation during the period covered by this statement? Yes [ ] No [X]

4.2 If yes, provide the name of entity, NAIC Company Code, and state of domicile (use two letter state abbreviation) for any entity that has ceased to exist as a result of the merger or consolidation.

1 2 3 Name of Entity NAIC Company Code State of Domicile

5. If the reporting entity is subject to a management agreement, including third-party administrator(s), managing general agent(s), attorney-in- fact, or similar agreement, have there been any significant changes regarding the terms of the agreement or principals involved? Yes [ ] No [ ] NA [X] If yes, attach an explanation.

6.1 State as of what date the latest financial examination of the reporting entity was made or is being made.

6.2 State the as of date that the latest financial examination report became available from either the state of domicile or the reporting entity. This date should be the date of the examined balance sheet and not the date the report was completed or released.

6.3 State as of what date the latest financial examination report became available to other states or the public from either the state of domicile or the reporting entity. This is the release date or completion date of the examination report and not the date of the examination (balance sheet date). 6.4 By what department or departments?

6.5 Have all financial statement adjustments within the latest financial examination report been accounted for in a subsequent financial statement filed with Departments? Yes [ ] No [ ] NA [X]

6.6 Have all of the recommendations within the latest financial examination report been complied with? Yes [ ] No [ ] NA [X]

7.1 Has this reporting entity had any Certificates of Authority, licenses or registrations (including corporate registration, if applicable) suspended or revoked by any governmental entity during the reporting period? Yes [ ] No [X]

7.2 If yes, give full information:

8.1 Is the company a subsidiary of a bank holding company regulated by the Federal Reserve Board? Yes [ ] No [X]

8.2 If response to 8.1 is yes, please identify the name of the bank holding company.

8.3 Is the company affiliated with one or more banks, thrifts or securities firms? Yes [ ] No [X]

8.4 If response to 8.3 is yes, please provide below the names and location (city and state of the main office) of any affiliates regulated by a federal regulatory services agency [i.e. the Federal Reserve Board (FRB), the Office of the Comptroller of the Currency (OCC), the Federal Deposit Insurance Corporation (FDIC) and the Securities Exchange Commission (SEC)] and identify the affiliate’s primary federal regulator.]

1 2 3 4 5 6 Location Affiliate Name (City, State) FRB OCC FDIC SEC

7 STATEMENT AS OF SEPTEMBER 30, 2017 OF THE Citizens Property Insurance Corporation GENERAL INTERROGATORIES

9.1 Are the senior officers (principal executive officer, principal financial officer, principal accounting officer or controller, or persons performing similar functions) of the reporting entity subject to a code of ethics, which includes the following standards? Yes [X] No [ ] (a) Honest and ethical conduct, including the ethical handling of actual or apparent conflicts of interest between personal and professional relationships; (b) Full, fair, accurate, timely and understandable disclosure in the periodic reports required to be filed by the reporting entity; (c) Compliance with applicable governmental laws, rules and regulations; (d) The prompt internal reporting of violations to an appropriate person or persons identified in the code; and (e) Accountability for adherence to the code.

9.11 If the response to 9.1 is No, please explain:

9.2 Has the code of ethics for senior managers been amended? Yes [ ] No [X]

9.21 If the response to 9.2 is Yes, provide information related to amendment(s).

9.3 Have any provisions of the code of ethics been waived for any of the specified officers? Yes [ ] No [X]

9.31 If the response to 9.3 is Yes, provide the nature of any waiver(s).

FINANCIAL 10.1 Does the reporting entity report any amounts due from parent, subsidiaries or affiliates on Page 2 of this statement? Yes [X] No [ ]

10.2 If yes, indicate any amounts receivable from parent included in the Page 2 amount: $ INVESTMENT 11.1 Were any of the stocks, bonds, or other assets of the reporting entity loaned, placed under option agreement, or otherwise made available for use by another person? (Exclude securities under securities lending agreements.) Yes [ ] No [X]

11.2 If yes, give full and complete information relating thereto:

12. Amount of real estate and mortgages held in other invested assets in Schedule BA: $

13. Amount of real estate and mortgages held in short-term investments: $

14.1 Does the reporting entity have any investments in parent, subsidiaries and affiliates? Yes [ ] No [X]

14.2 If yes, please complete the following:

1 2 Prior Year-End Current Quarter Book/Adjusted Book/Adjusted Carrying Value Carrying Value 14.21 Bonds $ $ 14.22 Preferred Stock $ $ 14.23 Common Stock $ $ 14.24 Short-Term Investments $ $ 14.25 Mortgage Loans on Real Estate $ $ 14.26 All Other $ $ 14.27 Total Investment in Parent, Subsidiaries and Affiliates (Subtotal Lines 14.21 to 14.26) $ $ 14.28 Total Investment in Parent included in Lines 14.21 to 14.26 above $ $

15.1 Has the reporting entity entered into any hedging transactions reported on Schedule DB? Yes [ ] No [X]

15.2 If yes, has a comprehensive description of the hedging program been made available to the domiciliary state? Yes [ ] No [ ]

If no, attach a description with this statement.

7.1 STATEMENT AS OF SEPTEMBER 30, 2017 OF THE Citizens Property Insurance Corporation GENERAL INTERROGATORIES

16 For the reporting entity’s security lending program, state the amount of the following as of the current statement date: 16.1 Total fair value of reinvested collateral assets reported on Schedule DL, Parts 1 and 2 $ 16.2 Total book adjusted/carrying value of reinvested collateral assets reported on Schedule DL, Parts 1 and 2 $ 16.3 Total payable for securities lending reported on the liability page $

17. Excluding items in Schedule E – Part 3 – Special Deposits, real estate, mortgage loans and investments held physically in the reporting entity’s offices, vaults or safety deposit boxes, were all stocks, bonds and other securities, owned throughout the current year held pursuant to a custodial agreement with a qualified bank or trust company in accordance with Section 1, III – General Examination Considerations, F. Outsourcing of Critical Functions, Custodial or Safekeeping Agreements of the NAIC Financial Condition Examiners Handbook? Yes [X] No [ ]

17.1 For all agreements that comply with the requirements of the NAIC Financial Condition Examiners Handbook, complete the following:

1 2 Name of Custodian(s) Custodian Address Wells Fargo Bank, N.A. 420 Montgomery St San Francisco, CA 94104 Regions Bank 1900 Fifth Avenue North Birmingham, AL 35203 One Mellon Center, 500 Grant Street, Suite 1315 BNY Mellon Bank, N.A. Pittsburgh, PA 15258

17.2 For all agreements that do not comply with the requirements of the NAIC Financial Condition Examiners Handbook, provide the name, location and a complete explanation:

1 2 3 Name(s) Location(s) Complete Explanation(s)

17.3 Have there been any changes, including name changes, in the custodian(s) identified in 17.1 during the current quarter? Yes [ ] No [X]

17.4 If yes, give full and complete information relating thereto:

1 2 3 4 Old Custodian New Custodian Date of Change Reason

17.5 Investment management – Identify all investment advisors, investment managers, broker/dealers, including individuals that have the authority to make investment decisions on behalf of the reporting entity. For assets that are managed internally by employees of the reporting entity, note as such. [“…that have access to the investment accounts”; “…handle securities”]

1 2 Name of Firm or Individual Affiliation BlackRock Capital Management U BlackRock Investment Management U Insight Investment Management U Dreyfus Investments (Standish) U Eaton Vance U Federated U General Re- New England Asset Management U HIMCO U Northern Trust Global Investment Services U Payden & Rygel U PFM Asset Management U RBC Global Asset Management, Inc. (Voyageur) U UBS Global Asset Management U US Bancorp Asset Management, Inc. (FAF) U Wellington Management U Wells Capital Management (Evergreen) U Raymond James & Associates, Inc. U Jennifer Montero I Jonathan Norfleet I Long Yang I Joshua Bruce I

17.5097 For those firms/individuals listed in the table for Question 17.5, do any firms/individuals unaffiliated with the reporting entity (i.e., designated with a “U”) manage more than 10% of the reporting entity’s assets? Yes [ X ] No [ ]

17.5098 For firms/individuals unaffiliated with the reporting entity (i.e., designated with a “U”) listed in the table for Question 17.5, does the total assets under management aggregate to more than 50% of the reporting entity’s assets? Yes [ ] No [ X ]

17.6 For those firms or individuals listed in the table for 17.5 with an affiliation code of “A” (affiliated) or “U” (unaffiliated), provide the information for the table below.

1 2 3 4 5 Central Registration Name of Firm or Legal Entity Investment Management Depository Number Individual Identifier (LEI) Registered With Agreement (IMA) Filed 108069 BlackRock Capital Management 801-57038 SEC NO BlackRock Investment 108928 Management 801-56972 SEC NO 145995 Insight Investment Management 801-69964 SEC NO

7.2 STATEMENT AS OF SEPTEMBER 30, 2017 OF THE Citizens Property Insurance Corporation GENERAL INTERROGATORIES

1 2 3 4 5 Central Registration Name of Firm or Legal Entity Investment Management Depository Number Individual Identifier (LEI) Registered With Agreement (IMA) Filed Dreyfus Investments 113972 (Standish) 801-60527 SEC NO 104859 Eaton Vance 801-15930 SEC NO 105325 Federated 801-34611 SEC NO General Re- New England Asset 105900 Management 801-22445 SEC NO 106699 HIMCO 801-53542 SEC NO Northern Trust Global 105780 Investment Services 801-33358 SEC NO 107160 Payden & Rygel 801-19762 SEC NO 122141 PFM Asset Management 801-60449 SEC NO RBC Global Asset Management, 107173 Inc. (Voyageur) 801-20303 SEC NO 106838 UBS Global Asset Management 801-34910 SEC NO US Bancorp Asset Management, 111912 Inc. (FAF) 801-60125 SEC NO 106595 Wellington Management 801-15908 SEC NO Wells Capital Management 104973 (Evergreen) 801-21122 SEC NO Raymond James & Associates, 705 Inc. 801-10418 SEC NO

18.1 Have all the filing requirements of the Purposes and Procedures Manual of the NAIC Investment Analysis Office been followed? Yes [X] No [ ] 18.2 If no, list exceptions:

7.3 STATEMENT AS OF SEPTEMBER 30, 2017 OF THE Citizens Property Insurance Corporation GENERAL INTERROGATORIES PART 2 - PROPERTY & CASUALTY INTERROGATORIES

1. If the reporting entity is a member of a pooling arrangement, did the agreement or the reporting entity's participation change? Yes [ ] No [ ] NA [X]

If yes, attach an explanation.

2. Has the reporting entity reinsured any risk with any other reporting entity and agreed to release such entity from liability, in whole or in part, from any loss that may occur on the risk, or portion thereof, reinsured? Yes [ ] No [X]

If yes, attach an explanation.

3.1 Have any of the reporting entity's primary reinsurance contracts been canceled? Yes [ ] No [X]

3.2 If yes, give full and complete information thereto.

4.1 Are any of the liabilities for unpaid losses and loss adjustment expenses other than certain workers' compensation tabular reserves (see Annual Statement Instructions pertaining to disclosure of discounting for definition of “tabular reserves,”) discounted at a rate of interest greater than zero? Yes [ ] No [X]

4.2 If yes, complete the following schedule:

TOTAL DISCOUNT DISCOUNT TAKEN DURING PERIOD 1 2 3 4 5 6 7 8 9 10 11 Maximum Discount Unpaid Unpaid Unpaid Unpaid Line of Business Interest Rate Losses LAE IBNR TOTAL Losses LAE IBNR TOTAL

TOTAL

5. Operating Percentages:

5.1 A&H loss percent %

5.2 A&H cost containment percent %

5.3 A&H expense percent excluding cost containment expenses %

6.1 Do you act as a custodian for health savings accounts? Yes [ ] No [X]

6.2 If yes, please provide the amount of custodial funds held as of the reporting date. $

6.3 Do you act as an administrator for health savings accounts? Yes [ ] No [X]

6.4 If yes, please provide the balance of the funds administered as of the reporting date. $

8 STATEMENT AS OF SEPTEMBER 30, 2017 OF THE Citizens Property Insurance Corporation SCHEDULE F - CEDED REINSURANCE Showing All New Reinsurers - Current Year to Date 1 2 3 4 5 6 7 Certified Effective Date NAIC Reinsurer Rating of Certified Company Code ID Number Name of Reinsurer Domiciliary Jurisdiction Type of Reinsurer (1 through 6) Reinsurer Rating PROPERTY/CASUALTY — AFFILIATES PROPERTY/CASUALTY — U.S. INSURERS 15341 46-3943172 SAFEPOINT INS CO FL Authorized 13139 26-0718939 AVATAR PROP & CAS INS CO FL Authorized 12247 02-0733996 SOUTHERN OAK INS CO FL Authorized 19283 39-6040366 AMERICAN STANDARD INS CO OF WI WI Unauthorized 26921 22-2005057 EVEREST REINS CO DE Authorized 10227 13-4924125 MUNICH REINS AMER INC DE Authorized 23680 47-0698507 ODYSSEY REINS CO CT Authorized 14930 90-0797817 WESTON INS CO FL Authorized 25364 13-1675535 SWISS REINS AMER CORP NY Authorized PROPERTY/CASUALTY — POOLS AND ASSOCIATIONS PROPERTY/CASUALTY — ALL OTHER INSURERS 00000 AA-1840000 MAPFRE RE COMPANIA DE REASEGUROS SA ESP Unauthorized 00000 AA-3190932 ARGO RE BMU Unauthorized 00000 AA-1120083 Lloyd's Syndicate Number 1910 GBR Certified 3 10/06/2011 00000 AA-1128987 Lloyd's Syndicate Number 2987 GBR Certified 3 10/06/2011 00000 AA-3191289 Fidelis Ins Bermuda Ltd BMU Unauthorized 00000 AA-1340125 HANNOVER RUECK SE DEU Certified 3 02/24/2010 00000 AA-3190339 RENAISSANCE REINS LTD BMU Certified 3 12/29/2010 00000 AA-1440076 SIRIUS INTL INS CORP SWE Unauthorized 00000 AA-3190870 Validus Reins Ltd BMU Certified 3 08/08/2012

9 00000 AA-1464104 ALLIANZ RISK TRANSFER CHE Unauthorized 00000 AA-8310008 Humboldt Re Ltd GGY Unauthorized 00000 AA-8310006 Kelvin Re Ltd GGY Unauthorized 00000 AA-5340310 GEN INS CORP OF INDIA IND Unauthorized 00000 AA-1126435 LLOYD'S SYNDICATE NUMBER 435 GBR Certified 3 10/06/2011 00000 AA-1126780 LLOYD'S SYNDICATE NUMBER 780 GBR Certified 3 10/06/2011 00000 AA-1127183 LLOYD'S SYNDICATE NUMBER 1183 GBR Certified 3 10/06/2011 00000 AA-1120102 LLOYD'S SYNDICATE NUMBER 1458 GBR Certified 3 10/06/2011 00000 AA-1120157 LLOYD'S SYNDICATE NUMBER 1729 GBR Certified 3 10/06/2011 00000 AA-1126040 LLOYD'S SYNDICATE NUMBER 40 GBR Certified 3 10/06/2011 00000 AA-1127007 LLOYD'S SYNDICATE NUMBER 1007 GBR Certified 3 10/06/2011 00000 AA-1128791 LLOYD'S SYNDICATE NUMBER 2791 GBR Certified 3 10/06/2011 00000 AA-1128987 Lloyd's Syndicate Number 2987 GBR Certified 3 10/06/2011 00000 AA-1460019 MS Amlin AG CHE Unauthorized 00000 AA-5280005 CATHAY INS CO LTD TWN Unauthorized 00000 AA-5320039 Peak Reins Co Ltd HKG Unauthorized 00000 AA-3190978 ALPHACAT REINS LTD BMU Unauthorized 00000 AA-3191282 Collateralised Re Ltd BMU Unauthorized 00000 AA-3194224 POSEIDON RE LTD BMU Unauthorized 00000 AA-3191266 Rubik Reins Ltd BMU Unauthorized 00000 AA-3191293 Everglades Re II Ltd BMU Unauthorized STATEMENT AS OF SEPTEMBER 30, 2017 OF THE Citizens Property Insurance Corporation

SCHEDULE T - EXHIBIT OF PREMIUMS WRITTEN Current Year to Date – Allocated by States and Territories 1 Direct Premiums Written Direct Losses Paid (Deducting Salvage) Direct Losses Unpaid 2 3 4 5 6 7

Active Current Year Prior Year Current Year Prior Year Current Year Prior Year States, etc. Status To Date To Date To Date To Date To Date To Date 1. Alabama AL 2. Alaska AK 3. Arizona AZ 4. Arkansas AR 5. California CA 6. Colorado CO 7. Connecticut CT 8. Delaware DE 9. Dist. Columbia DC 10. Florida FL 701,591,989 767,526,741 244,082,314 291,299,329 1,576,739,024 455,346,891 11. Georgia GA 12. Hawaii HI 13. Idaho ID 14. Illinois IL 15. Indiana IN 16. Iowa IA 17. Kansas KS 18. Kentucky KY 19. Louisiana LA 20. Maine ME 21. Maryland MD 22. Massachusetts MA 23. Michigan MI 24. Minnesota MN 25. Mississippi MS 26. Missouri MO 27. Montana MT 28. Nebraska NE 29. Nevada NV 30. New Hampshire NH 31. New Jersey NJ 32. New Mexico NM 33. New York NY 34. No. Carolina NC 35. No. Dakota ND 36. Ohio OH 37. Oklahoma OK 38. Oregon OR 39. Pennsylvania PA 40. Rhode Island RI 41. So. Carolina SC 42. So. Dakota SD 43. Tennessee TN 44. Texas TX 45. Utah UT 46. Vermont VT 47. Virginia VA 48. Washington WA 49. West Virginia WV 50. Wisconsin WI 51. Wyoming WY 52. American Samoa AS 53. Guam GU 54. Puerto Rico PR 55. U.S. Virgin Islands VI 56. Northern Mariana Islands MP 57. Canada CAN 58. Aggregate Other Alien OT XXX 59. Totals (a) 0 701,591,989 767,526,741 244,082,314 291,299,329 1,576,739,024 455,346,891 DETAILS OF WRITE-INS 58001. XXX 58002. XXX 58003. XXX 58998. Summary of remaining write- ins for Line 58 from overflow page XXX 58999. TOTALS (Lines 58001 through 58003 plus 58998) (Line 58 above) XXX (L) Licensed or Chartered - Licensed Insurance Carrier or Domiciled RRG; (R) Registered - Non-domiciled RRGs; (Q) Qualified - Qualified or Accredited Reinsurer; (E) Eligible - Reporting Entities eligible or approved to write Surplus Lines in the state (other than their state of domicile – see DSLI); (D) DSLI – Domestic Surplus Lines Insurer (DSLI) – Reporting entities authorized to write Surplus Lines in the state of domicile; (N) None of the above - Not allowed to write business in the state. (a) Insert the number of D and L responses except for Canada and Other Alien.

10 STATEMENT AS OF SEPTEMBER 30, 2017 OF THE Citizens Property Insurance Corporation

Schedule Y - Part 1 NONE

Schedule Y - Part 1A NONE

11, 12 STATEMENT AS OF SEPTEMBER 30, 2017 OF THE Citizens Property Insurance Corporation

PART 1 - LOSS EXPERIENCE Current Year to Date 4 1 2 3 Prior Year to Direct Premiums Direct Losses Direct Loss Date Direct Loss Line of Business Earned Incurred Percentage Percentage 1. Fire 23,886,831 29,169,712 122.1 36.1 2. Allied lines 345,579,380 934,517,918 270.4 13.9 3. Farmowners multiple peril 4. Homeowners multiple peril 327,261,142 357,915,711 109.4 41.4 5. Commercial multiple peril 6. Mortgage guaranty 8. Ocean marine 9. Inland marine 10. Financial guaranty 11.1 Medical professional liability -occurrence 11.2 Medical professional liability -claims made 12. Earthquake 13. Group accident and health 14. Credit accident and health 15. Other accident and health 16. Workers’ compensation 17.1 Other liability occurrence 17.2 Other liability-claims made 17.3 Excess Workers’ Compensation 18.1 Products liability-occurrence 18.2 Products liability-claims made 19.1,19.2 Private passenger auto liability 19.3,19.4 Commercial auto liability 21. Auto physical damage 22. Aircraft (all perils) 23. Fidelity 24. Surety 26. Burglary and theft 27. Boiler and machinery 28. Credit 29. International 30. Warranty 31. Reinsurance - Nonproportional Assumed Property XXX XXX XXX XXX 32. Reinsurance - Nonproportional Assumed Liability XXX XXX XXX XXX 33. Reinsurance - Nonproportional Assumed Financial Lines XXX XXX XXX XXX 34. Aggregate write-ins for other lines of business 35. TOTALS 696,727,353 1,321,603,341 189.7 26.1 DETAILS OF WRITE-INS 3401. 3402. 3403. 3498. Sum. of remaining write-ins for Line 34 from overflow page 3499. Totals (Lines 3401 through 3403 plus 3498) (Line 34)

PART 2 - DIRECT PREMIUMS WRITTEN 1 2 3 Current Current Prior Year Line of Business Quarter Year to Date Year to Date 1. Fire 5,045,736 17,872,448 29,582,444 2. Allied lines 108,920,246 328,616,395 408,499,590 3. Farmowners multiple peril 4. Homeowners multiple peril 122,494,230 355,103,146 329,444,707 5. Commercial multiple peril 6. Mortgage guaranty 8. Ocean marine 9. Inland marine 10. Financial guaranty 11.1 Medical professional liability-occurrence 11.2 Medical professional liability-claims made 12. Earthquake 13. Group accident and health 14. Credit accident and health 15. Other accident and health 16. Workers’ compensation 17.1 Other liability occurrence 17.2 Other liability-claims made 17.3 Excess Workers’ Compensation 18.1 Products liability-occurrence 18.2 Products liability-claims made 19.1,19.2 Private passenger auto liability 19.3,19.4 Commercial auto liability 21. Auto physical damage 22. Aircraft (all perils) 23. Fidelity 24. Surety 26. Burglary and theft 27. Boiler and machinery 28. Credit 29. International 30. Warranty 31. Reinsurance - Nonproportional Assumed Property XXX XXX XXX 32. Reinsurance - Nonproportional Assumed Liability XXX XXX XXX 33. Reinsurance - Nonproportional Assumed Financial Lines XXX XXX XXX 34. Aggregate write-ins for other lines of business 35. TOTALS 236,460,212 701,591,989 767,526,741 DETAILS OF WRITE-INS 3401. 3402. 3403. 3498. Sum. of remaining write-ins for Line 34 from overflow page 3499. Totals (Lines 3401 through 3403 plus 3498) (Line 34)

13 STATEMENT AS OF SEPTEMBER 30, 2017 OF THE Citizens Property Insurance Corporation

PART 3 (000 omitted)

LOSS AND LOSS ADJUSTMENT EXPENSE RESERVES SCHEDULE 1 2 3 4 5 6 7 8 9 10 11 12 13

Prior Year-End Prior Year-End Q.S. Date Known Known Case Loss IBNR Loss and Prior Year-End 2017 Loss and Q.S. Date Known Case Loss and and LAE Reserves LAE Reserves Total Loss and Total Prior 2017 Loss and LAE Payments on Case Loss and LAE Reserves on Developed Developed LAE Reserve Prior Year-End Year-End Loss LAE Payments on Claims Total 2017 Loss LAE Reserves on Claims Reported Total Q.S. Loss (Savings)/ (Savings)/ Developed Prior Year-End IBNR and LAE Claims Reported Unreported and LAE Claims Reported or Reopened Q.S. Date IBNR and LAE Deficiency Deficiency (Savings)/ Years in Which Known Case Loss Loss and LAE Reserves as of Prior as of Prior Payments and Open as of Subsequent to Loss and LAE Reserves (Cols. 4 + 7 (Cols. 5 + 8 + 9 Deficiency Losses Occurred and LAE Reserves Reserves (Cols. 1 + 2) Year-End Year-End (Cols. 4 + 5) Prior Year End Prior Year End Reserves (Cols.7 + 8 + 9) minus Col. 1) minus Col. 2) (Cols. 11 + 12)

1. 2014 + Prior 147,301 167,416 314,716 92,253 141 92,394 94,413 24,541 128,291 247,246 39,366 (14,443) 24,923

2. 2015 79,618 58,158 137,775 57,735 243 57,978 41,772 10,450 36,381 88,603 19,890 (11,084) 8,806

3. Subtotals 2015 + prior 226,918 225,574 452,492 149,988 384 150,372 136,186 34,991 164,672 335,849 59,256 (25,527) 33,729

4. 2016 84,967 183,357 268,324 100,772 4,590 105,362 53,320 35,628 83,693 172,640 69,124 (59,446) 9,678

5. Subtotals 2016 + prior 311,886 408,930 720,816 250,760 4,974 255,735 189,505 70,619 248,365 508,489 128,380 (84,973) 43,407

1 6. 2017 XXX XXX XXX XXX 120,816 120,816 XXX 377,131 817,686 1,194,817 XXX XXX XXX 4

7. Totals 311,886 408,930 720,816 250,760 125,790 376,550 189,505 447,750 1,066,050 1,703,305 128,380 (84,973) 43,407 Prior Year-End 8. Surplus As Col. 11, Line 7 Col. 12, Line 7 Col. 13, Line 7 Regards Policy- As % of Col. 1, As % of Col. 2, As % of Col. 3, holders 7,401,802 Line 7 Line 7 Line 7

1. 41.2 2. (20.8) 3. 6.0 Col. 13, Line 7 Line 8

4. 0.6 STATEMENT AS OF SEPTEMBER 30, 2017 OF THE Citizens Property Insurance Corporation

SUPPLEMENTAL EXHIBITS AND SCHEDULES INTERROGATORIES The following supplemental reports are required to be filed as part of your statement filing. However, in the event that your company does not transact the type of business for which the special report must be filed, your response of NO to the specific interrogatory will be accepted in lieu of filing a “NONE” report and a bar code will be printed below. If the supplement is required of your company but is not being filed for whatever reason enter SEE EXPLANATION and provide an explanation following the interrogatory questions.

Response

1. Will the Trusteed Surplus Statement be filed with the state of domicile and the NAIC with this statement? NO

2. Will Supplement A to Schedule T (Medical Professional Liability Supplement) be filed with this statement? NO

3. Will the Medicare Part D Coverage Supplement be filed with the state of domicile and the NAIC with this statement? NO

4. Will the Director and Officer Insurance Coverage Supplement be filed with the state of domicile and the NAIC with this statement? NO

Explanation:

1.

2.

3.

4.

Bar Code:

1. *10064201749000003*

2. *10064201745500003*

3. *10064201736500003*

4. *10064201750500003*

15 STATEMENT AS OF SEPTEMBER 30, 2017 OF THE Citizens Property Insurance Corporation

OVERFLOW PAGE FOR WRITE-INS

PQ004 Additional Aggregate Lines for Page 04 Line 14. *STMTINCOME 1 2 3 Current Year Prior Year Prior Year Ended to Date to Date December 31 1404. BAD DEBT RECOVERY/(WRITE OFF) OTHER THAN PREMIUM 1405. LOC FEES AND NOTES ISSUED COSTS 1406. GAIN(LOSS) FIXED ASSET DISPOSAL (1,129) (320,083) 1497. Summary of remaining write-ins for Line 14 from Page 04 (1,129) (320,083)

16 STATEMENT AS OF SEPTEMBER 30, 2017 OF THE Citizens Property Insurance Corporation

SCHEDULE A – VERIFICATION Real Estate 1 2 Prior Year Ended Year To Date December 31 1. Book/adjusted carrying value, December 31 of prior year 2. Cost of acquired: 2.1 Actual cost at time of acquisition 2.2 Additional investment made after acquisition 3. Current year change in encumbrances 4. Total gain (loss) on disposals 5. Deduct amounts received on disposals 6. Total foreign exchange change in book/adjusted carrying value 7. Deduct current year’s other-than-temporary impairment recognized 8. Deduct current year’s depreciation 9. Book/adjusted carrying value at the end of current period (Lines 1+2+3+4-5+6-7-8) 10. Deduct total nonadmitted amounts 11. Statement value at end of current period (Line 9 minus Line 10)

SCHEDULE B – VERIFICATION Mortgage Loans 1 2 Prior Year Ended Year To Date December 31 1. Book value/recorded investment excluding accrued interest, December 31 of prior year 2. Cost of acquired: 2.1 Actual cost at time of acquisition 2.2 Additional investment made after acquisition 3. Capitalized deferred interest and other 4. Accrual of discount 5. Unrealized valuation increase (decrease) 6. Total gain (loss) on disposals 7. Deduct amounts received on disposals 8. Deduct amortization of premium and mortgage interest points and commitment fees 9. Total foreign exchange change in book value/recorded investment excluding accrued interest 10. Deduct current year’s other-than-temporary impairment recognized 11. Book value/recorded investment excluding accrued interest at end of current period (Lines 1+2+3+4+5+6-7- 8+9-10) 12. Total valuation allowance 13. Subtotal (Line 11 plus Line 12) 14. Deduct total nonadmitted amounts 15. Statement value at end of current period (Line 13 minus Line 14)

SCHEDULE BA – VERIFICATION Other Long-Term Invested Assets 1 2 Prior Year Ended Year To Date December 31 1. Book/adjusted carrying value, December 31 of prior year 2. Cost of acquired: 2.1 Actual cost at time of acquisition 2.2 Additional investment made after acquisition 3. Capitalized deferred interest and other 4. Accrual of discount 5. Unrealized valuation increase (decrease) 6. Total gain (loss) on disposals 7. Deduct amounts received on disposals 8. Deduct amortization of premium and depreciation 9. Total foreign exchange change in book/adjusted carrying value 10. Deduct current year’s other-than-temporary impairment recognized 11. Book/adjusted carrying value at end of current period (Lines 1+2+3+4+5+6-7-8+9-10) 12. Deduct total nonadmitted amounts 13. Statement value at end of current period (Line 11 minus Line 12)

SCHEDULE D – VERIFICATION Bonds and Stocks 1 2 Prior Year Ended Year To Date December 31 1. Book/adjusted carrying value of bonds and stocks, December 31 of prior year 10,815,093,219 11,485,857,660 2. Cost of bonds and stocks acquired 4,301,474,293 8,199,926,287 3. Accrual of discount 2,896,228 3,698,184 4. Unrealized valuation increase (decrease) (28,781) 149,777 5. Total gain (loss) on disposals 13,021,522 48,971,124 6. Deduct consideration for bonds and stocks disposed of 5,765,481,817 8,807,288,635 7. Deduct amortization of premium 64,934,885 116,221,179 8. Total foreign exchange change in book/adjusted carrying value 9. Deduct current year’s other-than-temporary impairment recognized 10. Book/adjusted carrying value at end of current period (Lines 1+2+3+4+5-6-7+8-9) 9,302,039,780 10,815,093,219 11. Deduct total nonadmitted amounts 12. Statement value at end of current period (Line 10 minus Line 11) 9,302,039,780 10,815,093,219

SI01 STATEMENT AS OF SEPTEMBER 30, 2017 OF THE Citizens Property Insurance Corporation SCHEDULE D - PART 1B Showing the Acquisitions, Dispositions and Non-Trading Activity During the Current Quarter for all Bonds and Preferred Stock by NAIC Designation 1 2 3 4 5 6 7 8 Book/Adjusted Non-Trading Book/Adjusted Book/Adjusted Book/Adjusted Book/Adjusted Carrying Value Acquisitions Dispositions Activity Carrying Value Carrying Value Carrying Value Carrying Value Beginning of During During During End of End of End of December 31 NAIC Designation Current Quarter Current Quarter Current Quarter Current Quarter First Quarter Second Quarter Third Quarter Prior Year

BONDS

1. NAIC 1 (a) 9,902,326,068 4,301,148,305 4,220,508,197 (33,473,806) 10,947,596,875 9,902,326,068 9,949,492,371 10,927,744,770

2. NAIC 2 (a) 1,247,990,509 158,618,531 220,205,284 14,020,736 1,189,379,439 1,247,990,509 1,200,424,492 880,565,040

3. NAIC 3 (a) 12,927,070 21,320 12,875,070 12,927,070 12,948,390 12,852,450

4. NAIC 4 (a)

5. NAIC 5 (a)

6. NAIC 6 (a) 33,273,659 763,434 34,055,310 33,273,659 32,510,225 35,226,266

7. Total Bonds 11,196,517,305 4,459,766,836 4,441,476,914 (19,431,750) 12,183,906,694 11,196,517,305 11,195,375,477 11,856,388,526 S I 0 PREFERRED STOCK 2

8. NAIC 1

9. NAIC 2

10. NAIC 3

11. NAIC 4

12. NAIC 5

13. NAIC 6

14. Total Preferred Stock

15. Total Bonds & Preferred Stock 11,196,517,305 4,459,766,836 4,441,476,914 (19,431,750) 12,183,906,694 11,196,517,305 11,195,375,477 11,856,388,526

(a) Book/Adjusted Carrying Value column for the end of the current reporting period includes the following amount of short-term and cash equivalent bonds by NAIC designation: NAIC 1 $ 1,865,399,030 ; NAIC 2 $ 3,352,948 ;

NAIC 3 $ ; NAIC 4 $ ; NAIC 5 $ ; NAIC 6 $ 24,583,719 STATEMENT AS OF SEPTEMBER 30, 2017 OF THE Citizens Property Insurance Corporation

SCHEDULE DA - PART 1 Short-Term Investments

1 2 3 4 5 Paid for Accrued Book/Adjusted Interest Collected Interest Carrying Value Par Value Actual Cost Year To Date Year To Date

9199999 1,892,885,697 XXX 1,892,883,587 2,342,663 253,365

SCHEDULE DA - VERIFICATION Short-Term Investments

1 2 Prior Year Year To Date Ended December 31

1. Book/adjusted carrying value, December 31 of prior year 1,288,173,131 1,744,249,508

2. Cost of short-term investments acquired 8,571,664,898 11,795,376,033

3. Accrual of discount 545,791 385,059

4. Unrealized valuation increase (decrease)

5. Total gain (loss) on disposals 2,591,073 17,215,149

6. Deduct consideration received on disposals 7,967,698,854 12,265,711,960

7. Deduct amortization of premium 2,390,342 3,340,658

8. Total foreign exchange change in book/adjusted carrying value

9. Deduct current year’s other-than-temporary impairment recognized

10. Book/adjusted carrying value at end of current period (Lines 1+2+3+4+5-6-7+8-9) 1,892,885,697 1,288,173,131

11. Deduct total nonadmitted amounts

12. Statement value at end of current period (Line 10 minus Line 11) 1,892,885,697 1,288,173,131

SI03 STATEMENT AS OF SEPTEMBER 30, 2017 OF THE Citizens Property Insurance Corporation

Schedule DB - Part A - Verification NONE

Schedule DB - Part B - Verification NONE

Schedule DB - Part C - Section 1 NONE

Schedule DB - Part C - Section 2 NONE

Schedule DB - Verification NONE

SI04, SI05, SI06, SI07 STATEMENT AS OF SEPTEMBER 30, 2017 OF THE Citizens Property Insurance Corporation

SCHEDULE E - VERIFICATION (Cash Equivalents)

1 2 Year To Prior Year Date Ended December 31

1. Book/adjusted carrying value, December 31 of prior year 3,880,231 10,324,854

2. Cost of cash equivalents acquired 314,533,394 913,301,749

3. Accrual of discount 56,294 21,831

4. Unrealized valuation increase (decrease)

5. Total gain (loss) on disposals (1,959) 829

6. Deduct consideration received on disposals 317,523,010 919,615,218

7. Deduct amortization of premium 494,950 153,814

8. Total foreign exchange change in book/adjusted carrying value

9. Deduct current year’s other than temporary impairment recognized

10. Book/adjusted carrying value at end of current period (Lines 1+2+3+4+5-6-7+8-9) 450,000 3,880,231

11. Deduct total nonadmitted amounts

12. Statement value at end of current period (Line 10 minus Line 11) 450,000 3,880,231

SI08 STATEMENT AS OF SEPTEMBER 30, 2017 OF THE Citizens Property Insurance Corporation

Schedule A - Part 2 NONE

Schedule A - Part 3 NONE

Schedule B - Part 2 NONE

Schedule B - Part 3 NONE

Schedule BA - Part 2 NONE

Schedule BA - Part 3 NONE

E01, E02, E03 STATEMENT AS OF SEPTEMBER 30, 2017 OF THE Citizens Property Insurance Corporation SCHEDULE D - PART 3 Show All Long-Term Bonds and Stock Acquired During the Current Quarter 1 2 3 4 5 6 7 8 9 10 NAIC Designation or CUSIP Number of Actual Paid for Accrued Market Identification Description Foreign Date Acquired Name of Vendor Shares of Stock Cost Par Value Interest and Dividends Indicator (a) Bonds - U.S. Governments 912810-FE-3 UNITED STATES TREASURY NOTE/BOND 07/07/2017 GOLDMAN SACHS & CO 823,788 635,000 14,182 1 912810-FG-8 UNITED STATES TREASURY NOTE/BOND 07/07/2017 GOLDMAN SACHS & CO 813,321 635,000 13,538 1 912828-2M-1 UNITED STATES TREASURY FLOATING RATE NOT 09/26/2017 VARIOUS 5,650,517 5,650,000 8,728 1 912828-2Q-2 UNITED STATES TREASURY NOTE/BOND 08/31/2017 MORGAN STANLEY & CO 2,554,582 2,550,000 2,287 1 912828-2R-0 UNITED STATES TREASURY NOTE/BOND 09/27/2017 VARIOUS 6,921,673 6,910,000 13,760 1 912828-2S-8 UNITED STATES TREASURY NOTE/BOND 08/31/2017 CITIGROUP GLOBAL MKT 2,753,020 2,765,000 124 1 912828-2U-3 UNITED STATES TREASURY NOTE/BOND 09/27/2017 WELLS FARGO SECS LLC 3,439,174 3,500,000 5,076 1 912828-G3-8 UNITED STATES TREASURY NOTE/BOND 08/28/2017 HSBC SECURITIES INC. 762,627 750,000 4,861 1 912828-G9-5 UNITED STATES TREASURY NOTE/BOND 07/05/2017 MORGAN STANLEY & CO 7,523,145 7,500,000 1,987 1 912828-J2-7 UNITED STATES TREASURY NOTE/BOND 07/25/2017 CITIGROUP GLOBAL MKT 543,447 550,000 4,862 1 912828-P8-7 UNITED STATES TREASURY NOTE/BOND 09/27/2017 JPM SECURITIES-FIXED 735,706 750,000 653 1 912828-R3-6 UNITED STATES TREASURY NOTE/BOND 08/11/2017 VARIOUS 6,636,467 6,960,000 23,684 1 912828-R4-4 UNITED STATES TREASURY NOTE/BOND 08/17/2017 CITIGROUP GLOBAL MKT 223,278 225,000 503 1 912828-R7-7 UNITED STATES TREASURY NOTE/BOND 07/03/2017 VARIOUS 14,279,102 14,500,000 19,066 1 912828-U3-2 UNITED STATES TREASURY NOTE/BOND 07/07/2017 RBC CAPITAL MARKETS 397,603 402,000 634 1 912828-V2-3 UNITED STATES TREASURY NOTE/BOND 07/31/2017 VARIOUS 605,637 600,000 770 1 912828-V9-8 UNITED STATES TREASURY NOTE/BOND 08/11/2017 VARIOUS 17,767,607 17,850,000 142,010 1 912828-WE-6 UNITED STATES TREASURY NOTE/BOND 08/18/2017 GOLDMAN SACHS & CO 7,337,969 7,000,000 52,310 1 912828-WJ-5 UNITED STATES TREASURY NOTE/BOND 09/28/2017 GOLDMAN SACHS & CO 8,196,875 8,000,000 74,457 1 912828-WZ-9 UNITED STATES TREASURY NOTE/BOND 08/02/2017 CITIGROUP GLOBAL MKT 998,281 1,000,000 4,708 1 912828-X5-4 UNITED STATES TREASURY FLOATING RATE NOT 08/16/2017 VARIOUS 1,556,756 1,556,000 2,790 1 912828-X8-8 UNITED STATES TREASURY NOTE/BOND 07/31/2017 VARIOUS 23,262,808 23,240,000 87,915 1 912828-XB-1 UNITED STATES TREASURY NOTE/BOND 07/31/2017 SOCIETY GENERAL INV 2,489,355 2,500,000 11,116 1

E 912828-XR-6 UNITED STATES TREASURY NOTE/BOND 09/27/2017 VARIOUS 6,803,321 6,860,000 18,569 1

0 912828-XV-7 UNITED STATES TREASURY NOTE/BOND 07/25/2017 VARIOUS 4,986,289 5,000,000 2,751 1

4 912828-XW-5 UNITED STATES TREASURY NOTE/BOND 08/01/2017 GOLDMAN SACHS & CO 10,968,633 11,000,000 17,262 1 912828-XX-3 UNITED STATES TREASURY NOTE/BOND 08/02/2017 VARIOUS 6,467,559 6,500,000 11,957 1 0599999 - Bonds - U.S. Governments 145,498,539 145,388,000 540,559 XXX Bonds - All Other Governments Bonds - U.S. States, Territories and Possessions 13063D-BF-4 STATE OF CALIFORNIA 08/30/2017 GOLDMAN SACHS & CO 8,303,832 7,200,000 1FE 13063D-BG-2 STATE OF CALIFORNIA 08/30/2017 VARIOUS 7,842,172 6,640,000 1FE 373385-AE-3 STATE OF GEORGIA 07/06/2017 MORGAN STANLEY & CO 2,900,175 2,500,000 1FE 373385-AY-9 STATE OF GEORGIA 07/05/2017 MORGAN STANLEY & CO 4,639,424 4,180,000 1FE 574193-PA-0 STATE OF MARYLAND 08/17/2017 MERRILL LYNCH GOVERN 4,960,158 4,200,000 1FE 658256-3B-6 STATE OF NORTH CAROLINA 07/19/2017 CTGRP GLBL MKTS INC/ 3,762,304 3,200,000 1FE 68609B-5X-1 OREGON ST 5.0 28SEP18 09/27/2017 MERRILL LYNCH PIERCE 2,078,720 2,000,000 1FE 1799999 - Bonds - U.S. States, Territories and Possessions 34,486,785 29,920,000 XXX Bonds - U.S. Political Subdivisions of States, Territories and Possessions 64966M-NX-3 CITY OF NEW YORK NY 07/27/2017 MERRILL LYNCH GOVERN 3,521,970 3,000,000 1FE 702204-LN-6 CITY OF PASADENA CA 07/05/2017 MERRILL LYNCH PIERCE 3,500,000 3,500,000 317 1FE 2499999 - Bonds - U.S. Political Subdivisions of States, Territories and Possessions 7,021,970 6,500,000 317 XXX Bonds - U.S. Special Revenue 052476-2E-7 CITY OF AUSTIN TX WATER & WASTEWATER SYS 08/02/2017 GOLDMAN SACHS & CO 1,124,100 1,000,000 1FE 13032U-MT-2 CALIFORNIA HEALTH FACILITIES FINANCING A 07/26/2017 RAYMOND JAMES & ASSO 4,726,320 4,000,000 48,889 1FE 18085P-KC-7 COUNTY OF CLARK DEPARTMENT OF AVIATION 09/15/2017 VARIOUS 4,100,000 4,100,000 4,295 1FE 20774Y-X7-7 CONNECTICUT STATE HEALTH & EDUCATIONAL F 07/18/2017 BARCLAYS CAPITAL INC 3,000,000 3,000,000 1FE 3128MM-V5-9 FREDDIE MAC GOLD POOL 07/26/2017 MIZUHO TRUST 6,055,778 5,999,997 12,500 1 3128MM-WD-1 FREDDIE MAC GOLD POOL 07/26/2017 RBC CAPITAL MARKETS 6,054,372 5,999,997 12,500 1 3128MM-WG-4 FREDDIE MAC GOLD POOL 07/26/2017 MIZUHO TRUST 6,055,767 5,999,986 12,500 1 3128MM-WM-1 FREDDIE MAC GOLD POOL 07/26/2017 VARIOUS 6,313,133 6,254,857 13,158 1 3130A0-F7-0 FEDERAL HOME LOAN BANKS 07/19/2017 MORGAN STANLEY & CO 2,905,794 2,700,000 10,631 1 3130A2-VE-3 FEDERAL HOME LOAN BANKS 07/13/2017 JP MORGAN CHASE BANK 1,032,030 1,000,000 10,250 1 3130A8-Y7-2 FEDERAL HOME LOAN BANKS 09/27/2017 DEUTSCHE BANK 4,940,300 5,000,000 6,319 1 3130AA-E4-6 FEDERAL HOME LOAN BANKS 09/28/2017 NON-BROKER TRADE, BO 4,988,271 5,000,000 12,674 1 3130AA-M5-4 FEDERAL HOME LOAN BANKS 09/27/2017 NON-BROKER TRADE, BO 2,493,053 2,500,000 5,196 1 3130AA-MC-9 FEDERAL HOME LOAN BANKS 09/27/2017 NON-BROKER TRADE, BO 1,296,633 1,300,000 3,250 1 3130AA-MQ-8 FEDERAL HOME LOAN BANKS 09/27/2017 NON-BROKER TRADE, BO 3,555,760 3,565,000 8,665 1 STATEMENT AS OF SEPTEMBER 30, 2017 OF THE Citizens Property Insurance Corporation SCHEDULE D - PART 3 Show All Long-Term Bonds and Stock Acquired During the Current Quarter 1 2 3 4 5 6 7 8 9 10 NAIC Designation or CUSIP Number of Actual Paid for Accrued Market Identification Description Foreign Date Acquired Name of Vendor Shares of Stock Cost Par Value Interest and Dividends Indicator (a) 3130AB-VT-0 FEDERAL HOME LOAN BANKS 09/27/2017 NON-BROKER TRADE, BO 1,373,208 1,375,000 3,300 1 313376-BR-5 FEDERAL HOME LOAN BANKS 08/28/2017 NON-BROKER TRADE, BO 2,381,971 2,370,000 8,740 1 313378-2M-2 FEDERAL HOME LOAN BANKS 09/27/2017 DEUTSCHE BANK 5,002,355 5,000,000 3,958 1 313379-EE-5 FEDERAL HOME LOAN BANKS 08/21/2017 VARIOUS 12,246,819 12,200,000 28,419 1 313383-VN-8 FEDERAL HOME LOAN BANKS 08/21/2017 VARIOUS 2,024,200 2,000,000 17,667 1 3133EH-B7-7 FEDERAL FARM CREDIT BANKS 09/27/2017 NON-BROKER TRADE, BO 14,000,000 14,000,000 1 3134A4-KX-1 FEDERAL HOME LOAN MORTGAGE CORP 08/17/2017 BK OF AMERICA NA 1,436,570 1,000,000 5,729 1 3135G0-K3-6 FEDERAL NATIONAL MORTGAGE ASSOCIATION 09/27/2017 NOMURA SEC INTL.,FIX 733,803 750,000 6,818 1 3137AR-PY-6 FREDDIE MAC MULTIFAMILY STRUCTURED PASS 07/11/2017 WACHOVIA SECURITIES, 300,844 300,000 204 1 3137B3-6J-2 FREDDIE MAC MULTIFAMILY STRUCTURED PASS 07/25/2017 JPM SECURITIES-FIXED 1,363,375 1,300,000 3,237 1 3137EA-EE-5 FEDERAL HOME LOAN MORTGAGE CORP 09/27/2017 BK OF AMERICA NA 4,991,050 5,000,000 14,583 1 3137EA-EH-8 FEDERAL HOME LOAN MORTGAGE CORP 08/30/2017 VARIOUS 19,420,623 19,440,000 16,042 1 3137EA-EJ-4 FEDERAL HOME LN MTG C 1.625 29SEP20 09/28/2017 WELLS FARGO SECS LLC 798,552 800,000 1 31410L-UG-5 FANNIE MAE POOL 06/29/2017 NOMURA SECURITIES IN (64,312) (63,804) (18) 1 31418C-M2-7 FANNIE MAE POOL 06/29/2017 BARCLAYS CAPITAL INC (99,568) (98,872) (27) 1 346420-SE-3 CITY OF FORNEY TX 08/16/2017 RAYMOND JAMES & ASSO 1,139,520 1,000,000 1FE 346420-SF-0 CITY OF FORNEY TX 08/16/2017 RAYMOND JAMES & ASSO 2,137,294 1,830,000 1FE 353186-8M-4 COUNTY OF FRANKLIN OH 07/07/2017 BARCLAYS CAPITAL INC 1,037,390 1,000,000 1FE 358082-HX-6 CITY OF FRESNO CA 07/25/2017 PERSHING & COMPANY 1,440,158 1,235,000 12,808 1FE 37358M-DZ-1 GEORGIA STATE ROAD & TOLLWAY AUTHORITY 07/20/2017 MERRILL LYNCH PIERCE 481,757 450,000 1FE 37358M-EA-5 GEORGIA STATE ROAD & TOLLWAY AUTHORITY 07/20/2017 MERRILL LYNCH PIERCE 1,104,340 1,000,000 1FE 386442-TY-3 GRAND RIVER DAM AUTHORITY 08/15/2017 RBC CAPITAL MARKETS 1,112,960 1,000,000 11,229 1FE 41978C-AQ-8 STATE OF HAWAII AIRPORTS SYSTEM REVENUE 07/13/2017 MERRILL LYNCH PIERCE 1,000,000 1,000,000 1FE 45129U-CB-8 IDAHO HEALTH FACILITIES AUTHORITY 08/28/2017 MERRILL LYNCH PIERCE 3,500,000 3,500,000 1FE

E 452252-GL-7 ILLINOIS STATE TOLL HIGHWAY AUTHORITY 08/29/2017 MERRILL LYNCH PIERCE 1,250,000 1,250,000 777 1FE

0 454798-TL-3 INDIANA HEALTH FACILITY FINANCING AUTHOR 07/26/2017 JPM SECURITIES-FIXED 1,000,000 1,000,000 1FE

4 46246K-TU-6 IOWA FINANCE AUTHORITY 08/15/2017 VARIOUS 8,950,000 8,950,000 45 1FE

. 478271-JS-9 JOHNSON CITY HEALTH & EDUCATIONAL FACILI 07/05/2017 MERRILL LYNCH PIERCE 1,000,000 1,000,000 73 1FE 1 485429-Z4-9 KANSAS DEVELOPMENT FINANCE AUTHORITY 08/21/2017 JPM SECURITIES-FIXED 2,312,391 2,110,000 32,444 1FE 485429-Z5-6 KANSAS DEVELOPMENT FINANCE AUTHORITY 08/11/2017 BAIRD ROBERT W & CO 1,765,632 1,600,000 23,614 1FE 544587-C2-2 MUNICIPAL IMPROVEMENT CORP OF LOS ANGELE 08/30/2017 FUNB-FUNDS II 817,944 800,000 7,589 1FE 545910-AJ-0 LOUDOUN COUNTY ECONOMIC DEVELOPMENT AUTH 07/24/2017 VARIOUS 3,850,000 3,850,000 1,286 1FE 54659L-AW-4 LOUISVILLE/JEFFERSON COUNTY METROPOLITAN 07/05/2017 PNC SECURITIES CORP 2,900,000 2,900,000 70 1FE 575832-UH-1 MASSACHUSETTS STATE COLLEGE BUILDING AUT 07/06/2017 VARIOUS 3,248,763 2,570,000 31,932 1FE 57583U-B4-9 MASSACHUSETTS DEVELOPMENT FINANCE AGENCY 08/21/2017 US BK/US BK MUNICIPA 3,600,000 3,600,000 991 1FE 592041-XR-3 METROPOLITAN GOVERNMENT NASHVILLE & DAVI 07/25/2017 RAYMOND JAMES & ASSO 3,374,790 3,450,000 31,283 1FE 59259Y-7M-5 METROPOLITAN TRANSPORTATION AUTHORITY 08/16/2017 US BK/US BK MUNICIPA 600,000 600,000 147 1FE 59259Y-ZH-5 METROPOLITAN TRANSPORTATION AUTHORITY 09/25/2017 PERSHING & COMPANY 1,119,880 1,000,000 18,194 1FE 59333P-2M-9 COUNTY OF MIAMI-DADE FL AVIATION REVENUE 08/11/2017 GOLDMAN SACHS & CO 2,050,000 2,050,000 1FE 594612-DB-6 STATE OF MICHIGAN 09/28/2017 GOLDMAN SACHS & CO 1,091,570 1,000,000 2,361 1FE 603827-XJ-0 MINNEAPOLIS-ST PAUL METROPOLITAN AIRPORT 08/01/2017 CTGRP GLBL MKTS INC/ 2,254,460 2,000,000 9,167 1FE 603827-XM-3 MINNEAPOLIS-ST PAUL METROPOLITAN AIRPORT 08/02/2017 MESIROW FINANCIAL IN 2,069,587 1,745,000 8,725 1FE 60528A-AS-3 MISSISSIPPI BUSINESS FINANCE CORP 08/22/2017 MERRILL LYNCH PIERCE 3,000,000 3,000,000 1,148 1FE 644804-CG-9 COUNTY OF NEW HANOVER NC 09/01/2017 STATE STREET BANK & 2,700,000 2,700,000 171 1FE 646140-BG-7 NEW JERSEY TURNPIKE AUTHORITY 09/27/2017 MERRILL LYNCH PIERCE 5,000,000 5,000,000 1FE 646140-BJ-1 NEW JERSEY TURNPIKE AUTHORITY 09/27/2017 MERRILL LYNCH PIERCE 2,000,000 2,000,000 1FE 64971W-UK-4 NEW YORK CITY TRANSITIONAL FINANCE AUTHO 09/25/2017 J.P. MORGAN SECURITI 1,800,000 1,800,000 1,009 1FE 64972F-6R-2 NEW YORK CITY WATER & SEWER SYSTEM 08/29/2017 US BANKCORP INVESTME 900,000 900,000 242 1FE 657883-CN-2 NORTH BROWARD HOSPITAL DISTRICT 09/01/2017 VARIOUS 7,250,000 7,250,000 2,499 1FE 658268-DM-6 STATE OF NORTH CAROLINA 08/03/2017 MERRILL LYNCH PIERCE 2,196,020 2,000,000 1FE 658268-DN-4 STATE OF NORTH CAROLINA 08/03/2017 MERRILL LYNCH PIERCE 1,130,620 1,000,000 1FE 677561-JS-2 STATE OF OHIO 08/09/2017 JPM SECURITIES-FIXED 2,475,000 2,475,000 1FE 677561-JT-0 STATE OF OHIO 08/09/2017 JPM SECURITIES-FIXED 560,000 560,000 1FE 677561-JZ-6 STATE OF OHIO 08/09/2017 JPM SECURITIES-FIXED 1,502,943 1,270,000 1FE 67760H-KY-6 OHIO TURNPIKE & INFRASTRUCTURE COMMISSIO 09/13/2017 CITIGROUP GLOBAL MAR 644,984 570,000 1FE 67766W-XZ-0 OHIO WATER DEVELOPMENT AUTHORITY WATER P 08/11/2017 MERRILL LYNCH PIERCE 2,000,000 2,000,000 1FE 735389-ZB-7 PORT OF SEATTLE WA 07/26/2017 CTGRP GLBL MKTS INC/ 3,000,000 3,000,000 1FE 735389-ZC-5 PORT OF SEATTLE WA 07/26/2017 CTGRP GLBL MKTS INC/ 2,500,000 2,500,000 1FE 735389-ZD-3 PORT OF SEATTLE WA 07/26/2017 CTGRP GLBL MKTS INC/ 1,000,000 1,000,000 1FE 736742-YK-7 CITY OF PORTLAND OR SEWER SYSTEM REVENUE 08/09/2017 MORGAN STANLEY & CO 7,984,473 6,775,000 55,517 1FE 74442P-DZ-5 PUBLIC FINANCE AUTHORITY 07/18/2017 CTGRP GLBL MKTS INC/ 1,500,000 1,500,000 1FE 74442P-EA-9 PUBLIC FINANCE AUTHORITY 07/18/2017 NON-BROKER TRADE, BO 1,000,000 1,000,000 1FE STATEMENT AS OF SEPTEMBER 30, 2017 OF THE Citizens Property Insurance Corporation SCHEDULE D - PART 3 Show All Long-Term Bonds and Stock Acquired During the Current Quarter 1 2 3 4 5 6 7 8 9 10 NAIC Designation or CUSIP Number of Actual Paid for Accrued Market Identification Description Foreign Date Acquired Name of Vendor Shares of Stock Cost Par Value Interest and Dividends Indicator (a) 786056-BB-6 CITY OF SACRAMENTO CA 07/11/2017 PERSHING & COMPANY 573,920 500,000 14,534 1FE 802629-BE-4 SANTA ROSA REGIONAL RESOURCES AUTHORITY 07/28/2017 NON-BROKER TRADE, BO 1,700,000 1,700,000 1FE 802629-BF-1 SANTA ROSA REGIONAL RESOURCES AUTHORITY 07/28/2017 NON-BROKER TRADE, BO 600,000 600,000 1FE 810500-DY-1 SCOTTSDALE PRESERVE AUTHORITY 08/22/2017 MERRILL LYNCH PIERCE 2,974,397 2,655,000 20,908 1FE 837147-5Z-6 SOUTH CAROLINA PUBLIC SERVICE AUTHORITY 08/28/2017 OPPENHEIMER AND CO I 717,628 690,000 6,026 1FE 851018-KK-6 CITY OF SPRINGFIELD MO PUBLIC UTILITY RE 07/19/2017 JPM SECURITIES-FIXED 4,076,399 3,460,000 83,136 1FE 882724-DQ-7 STATE OF TEXAS 08/23/2017 JPM SECURITIES-FIXED 7,727,625 7,500,000 1FE 882854-ZN-5 TEXAS WATER DEVELOPMENT BOARD 09/29/2017 MORGAN STANLEY & CO 2,256,640 2,000,000 1FE 915183-YF-8 UNIVERSITY OF UTAH/THE 08/16/2017 GOLDMAN SACHS & CO 1,339,538 1,135,000 1FE 92778V-DW-5 VIRGINIA COLLEGE BUILDING AUTHORITY 07/19/2017 MERRILL LYNCH PIERCE 5,952,100 5,000,000 1FE 92778V-EW-4 VIRGINIA COLLEGE BUILDING AUTHORITY 07/19/2017 RAYMOND JAMES & ASSO 10,350,000 10,350,000 1FE 3199999 - Bonds - U.S. Special Revenue and Special Assessment and all Non-Guaranteed Obligations of Agencies and Authorities of Governments and Their Political Subdivisions 269,171,524 260,172,161 647,405 XXX Bonds - Industrial and Miscellaneous (Unaffiliated) 00206R-CR-1 AT&T INC 08/28/2017 CANTOR FITZGERALD & 759,120 750,000 817 2FE 00206R-CT-7 AT&T INC 09/27/2017 WELLS FARGO SECS LLC 1,543,890 1,500,000 7,219 2FE 00206R-EK-4 AT&T INC 07/27/2017 JPM SECURITIES-FIXED 3,554,431 3,555,000 2FE 00206R-EL-2 AT&T INC 07/27/2017 VARIOUS 2,081,497 2,085,000 2FE 00206R-EM-0 AT&T INC 08/24/2017 VARIOUS 20,456,679 20,489,000 4,073 2FE 02079K-AC-1 ALPHABET INC 07/19/2017 MORGAN STANLEY & CO 1,178,925 1,250,000 11,031 1FE 025816-BM-0 AMERICAN EXPRESS CO 07/27/2017 BARCLAYS BANK PLC, N 8,992,890 9,000,000 1FE 025816-BN-8 AMERICAN EXPRESS CO 07/27/2017 BARCLAYS CAPITAL FIX 1,000,000 1,000,000 1FE 0258M0-EE-5 AMERICAN EXPRESS CREDIT CORP 08/10/2017 TORONTO DOMINION SEC 856,715 850,000 8,415 1FE 0258M0-EG-0 AMERICAN EXPRESS CREDIT CORP 07/05/2017 BNP PARIBAS SEC CORP 3,025,020 3,000,000 28,575 1FE 0258M0-EL-9 AMERICAN EXPRESS CREDIT CORP 08/24/2017 CITIGROUP GLOBAL MKT 1,320,761 1,300,000 13,823 1FE E 02665W-BT-7 AMERICAN HONDA FINANCE CORP 07/18/2017 VARIOUS 4,235,718 4,240,000 1FE 0 026874-DD-6 AMERICAN INTERNATIONAL GROUP INC 08/24/2017 WELLS FARGO SECS LLC 2,071,620 2,000,000 10,208 2FE 4 03523T-AN-8 ANHEUSER-BUSCH INBEV WORLDWIDE INC 07/19/2017 GOLDMAN SACHS & CO 1,084,490 1,000,000 1,344 1FE .

2 037833-CZ-1 APPLE INC 09/05/2017 DEUTSCHE BANC/ALEX B 1,408,787 1,410,000 1FE 037833-DB-3 APPLE INC 09/05/2017 DEUTSCHE BANC/ALEX B 998,880 1,000,000 1FE 04010L-AU-7 ARES CAPITAL CORP 08/07/2017 BANC/AMERICA SECUR.L 524,585 525,000 2FE 053332-AV-4 AUTOZONE INC 09/06/2017 MARKETAXESS CORP 1,788,938 1,750,000 25,521 2FE 06051G-FT-1 BANK OF AMERICA CORP 08/09/2017 BARCLAYS CAPITAL INC 608,058 600,000 5,031 2FE 06051G-FW-4 BANK OF AMERICA CORP 07/05/2017 BK OF NY/MIZUHO SECU 1,002,840 1,000,000 5,906 2FE 06051G-GB-9 BANK OF AMERICA CORP 08/02/2017 NON-BROKER TRADE, BO 3,996,960 4,000,000 21,032 2FE 06051G-GN-3 BANK OF AMERICA CORP 07/18/2017 BANC/AMERICA SECUR.L 1,500,000 1,500,000 2FE 06051G-GP-8 BANK OF AMERICA CORP 07/18/2017 BANC/AMERICA SECUR.L 1,650,000 1,650,000 2FE 06051G-GQ-6 BANK OF AMERICA CORP 07/18/2017 BANC/AMERICA SECUR.L 1,000,000 1,000,000 2FE 06406R-AB-3 BANK OF NEW YORK MELLON CORP/THE 07/14/2017 JEFFERIES & COMPANY, 681,647 668,000 10,347 1FE 072863-AA-1 BAYLOR SCOTT & WHITE HOLDINGS 08/08/2017 GOLDMAN SACHS & CO 1,388,144 1,385,000 7,024 1FE 124857-AT-0 CBS CORP 07/11/2017 BARCLAYS BANK PLC, N 4,873,050 5,000,000 5,156 2FE 126117-AU-4 CNA FINANCIAL CORP 08/07/2017 BARCLAYS CAPITAL FIX 1,297,049 1,300,000 2FE 126650-CE-8 CVS HEALTH CORP 09/28/2017 BNP PARIBAS SEC CORP 1,006,450 1,000,000 3,125 2FE 14040H-BN-4 CAPITAL ONE FINANCIAL CORP 08/28/2017 VARIOUS 6,051,408 6,050,000 83,917 2FE 14913Q-2A-6 CATERPILLAR FINANCIAL SERVICES CORP 09/05/2017 VARIOUS 1,652,611 1,654,000 1FE 151020-AV-6 CELGENE CORP 08/17/2017 MORGAN STANLEY & CO 4,663,129 4,675,000 600 2FE 15189T-AR-8 CENTERPOINT ENERGY INC 08/07/2017 MITSUBISHI UFJ SECS 5,573,383 5,575,000 2FE 171340-AK-8 CHURCH & DWIGHT CO INC 07/20/2017 WELLS FARGO SECS LLC 1,228,499 1,230,000 2FE 171340-AM-4 CHURCH & DWIGHT CO INC 07/20/2017 BANC/AMERICA SECUR.L 500,000 500,000 2FE 171340-AN-2 CHURCH & DWIGHT CO INC 07/20/2017 BANC/AMERICA SECUR.L 7,991,760 8,000,000 2FE 172967-LM-1 CITIGROUP INC 07/17/2017 CITIGROUP GLOBAL MKT 10,000,000 10,000,000 2FE 172967-LP-4 CITIGROUP INC 07/17/2017 CITIGROUP GLOBAL MKT 4,624,000 4,624,000 2FE 191216-BE-9 COCA-COLA CO/THE 07/20/2017 DEUTSCHE BANC/ALEX B 3,131,490 3,000,000 22,400 1FE 20030N-BX-8 COMCAST CORP 08/25/2017 MORGAN STANLEY & CO 1,019,880 1,000,000 2,417 1FE 20030N-CA-7 COMCAST CORP 08/11/2017 VARIOUS 2,745,258 2,750,000 788 1FE 202795-JK-7 COMMONWEALTH EDISON CO 08/16/2017 WELLS FARGO SECURITI 1,745,205 1,750,000 1FE 23338V-AB-2 DTE ELECTRIC CO 08/10/2017 DEUTSCHE BANC/ALEX B 1,329,575 1,250,000 19,010 1FE 24422E-TS-8 JOHN DEERE CAPITAL CORP 07/27/2017 GOLDMAN SACHS & CO 98,390 98,000 207 1FE 24422E-TV-1 JOHN DEERE CAPITAL CORP 09/05/2017 BANC/AMERICA SECUR.L 1,995,940 2,000,000 1FE 25389J-AR-7 DIGITAL REALTY TRUST LP 08/02/2017 CITIGROUP GLOBAL MKT 3,996,960 4,000,000 2FE 26441C-AX-3 DUKE ENERGY CORP 08/07/2017 BANC/AMERICA SECUR.L 997,190 1,000,000 2FE 278865-AY-6 ECOLAB INC 08/07/2017 BANC/AMERICA SECUR.L 2,998,440 3,000,000 2FE STATEMENT AS OF SEPTEMBER 30, 2017 OF THE Citizens Property Insurance Corporation SCHEDULE D - PART 3 Show All Long-Term Bonds and Stock Acquired During the Current Quarter 1 2 3 4 5 6 7 8 9 10 NAIC Designation or CUSIP Number of Actual Paid for Accrued Market Identification Description Foreign Date Acquired Name of Vendor Shares of Stock Cost Par Value Interest and Dividends Indicator (a) 281020-AL-1 EDISON INTERNATIONAL 08/17/2017 CITIGROUP GLOBAL MKT 4,983,600 5,000,000 1FE 30161M-AF-0 EXELON GENERATION CO LLC 07/20/2017 PERSHING & COMPANY 320,034 300,000 4,940 2FE 345370-CR-9 FORD MOTOR CO 07/19/2017 WELLS FARGO SECS LLC 522,215 500,000 2,777 2FE 345397-YQ-0 FORD MOTOR CREDIT CO LLC 07/31/2017 CITIGROUP GLOBAL MKT 2,305,000 2,305,000 2FE 369550-AY-4 GENERAL DYNAMICS CORP 09/11/2017 JPM SECURITIES-FIXED 1,289,600 1,300,000 1FE 38013P-AC-3 GM FINANCIAL AUTOMOBILE LEASING TRUST 20 07/11/2017 CITIGROUP GLOBAL MKT 847,560 847,361 864 1FE 38141G-WC-4 GOLDMAN SACHS GROUP INC/THE 07/07/2017 VARIOUS 6,554,139 6,500,000 41,167 1FE 38141G-WM-2 GOLDMAN SACHS GROUP INC/THE 07/19/2017 GOLDMAN SACHS & CO 1,250,000 1,250,000 1FE 38141G-WP-5 GOLDMAN SACHS GROUP INC/THE 07/19/2017 GOLDMAN SACHS & CO 299,964 300,000 1FE 437076-BN-1 HOME DEPOT INC/THE 09/05/2017 VARIOUS 951,290 1,000,000 10,153 1FE 44644A-AB-3 HUNTINGTON NATIONAL BANK/THE 08/02/2017 BANC/AMERICA SECUR.L 7,482,150 7,500,000 1FE 44932H-AA-1 IBM CREDIT LLC 09/05/2017 NON-BROKER TRADE, BO 4,996,200 5,000,000 1FE 44932H-AC-7 IBM CREDIT LLC 09/05/2017 VARIOUS 8,000,000 8,000,000 1FE 44932H-AE-3 IBM CREDIT LLC 09/05/2017 JPM SECURITIES-FIXED 3,000,000 3,000,000 1FE 460146-CP-6 INTERNATIONAL PAPER CO 08/16/2017 VARIOUS 7,603,600 7,863,000 63,515 2FE 46647P-AF-3 JPMORGAN CHASE & CO 08/14/2017 CREDIT SUISSE FIRST 2,373,995 2,360,000 25,991 1FE 501044-CW-9 KROGER CO/THE 07/26/2017 BANC/AMERICA SECUR.L 1,005,760 1,000,000 1,022 2FE 501044-DJ-7 KROGER CO/THE 07/17/2017 VARIOUS 7,493,303 7,488,000 2FE 50540R-AT-9 LABORATORY CORP OF AMERICA HOLDINGS 08/15/2017 BANC/AMERICA SECUR.L 4,988,750 5,000,000 2FE 539830-BF-5 LOCKHEED MARTIN CORP 08/16/2017 NON-BROKER TRADE, BO 4,068,920 4,000,000 24,444 2FE 55279H-AN-0 MANUFACTURERS & TRADERS TRUST CO 08/14/2017 J.P. MORGAN SECURITI 1,009,152 1,010,000 1FE 553794-AC-2 MUFG AMERICAS HOLDINGS CORP 08/21/2017 BARCLAYS CAPITAL FIX 1,293,019 1,300,000 1,517 1FE 579780-AL-1 MCCORMICK & CO INC/MD 08/09/2017 BANC/AMERICA SECUR.L 6,769,323 6,770,000 2FE 581760-AM-7 MCLAREN HEALTH CARE CORP 08/29/2017 PIPER JAFFRAY & CO 4,206,880 4,000,000 43,966 1FE

E 609207-AC-9 MONDELEZ INTERNATIONAL INC 07/10/2017 RBC CAPITAL MARKETS 1,004,170 1,000,000 3,379 2FE

0 61744Y-AK-4 MORGAN STANLEY 07/19/2017 MORGAN STANLEY & CO 11,700,000 11,700,000 1FE

4 65478G-AE-0 NISSAN AUTO RECEIVABLES 2017-B OWNER TRU 08/16/2017 SG AMERICAS SECURITI 1,454,766 1,455,000 1FE

. 67103H-AF-4 O'REILLY AUTOMOTIVE INC 08/10/2017 BANC/AMERICA SECUR.L 3,993,600 4,000,000 2FE 3 68389X-AX-3 ORACLE CORP 08/09/2017 NON-BROKER TRADE, BO 3,245,472 3,200,000 25,200 1FE 69371R-N7-7 PACCAR FINANCIAL CORP 08/07/2017 VARIOUS 6,805,505 6,810,000 1FE 713448-DN-5 PEPSICO INC 07/20/2017 BANC/AMERICA SECUR.L 961,940 1,000,000 7,191 1FE 717081-DM-2 PFIZER INC 07/20/2017 U.S. BANCORP INVESTM 1,780,317 1,688,000 11,160 1FE 741503-BB-1 PRICELINE GROUP INC/THE 08/10/2017 GOLDMAN SACHS & CO 3,894,306 3,900,000 2FE 742718-EU-9 PROCTER & GAMBLE CO/THE 08/10/2017 VARIOUS 1,198,248 1,200,000 1FE 74460D-AB-5 PUBLIC STORAGE 09/13/2017 MORGAN STANLEY & CO 750,000 750,000 1FE 7591EP-AM-2 REGIONS FINANCIAL CORP 08/07/2017 GOLDMAN SACHS & CO 1,411,280 1,412,000 2FE 774341-AK-7 ROCKWELL COLLINS INC 07/14/2017 CITIGROUP GLOBAL MKT 1,021,350 1,000,000 9,625 2FE 78355H-KF-5 RYDER SYSTEM INC 08/01/2017 BNP PARIBAS SEC CORP 2,244,555 2,250,000 2FE 816851-AZ-2 SEMPRA ENERGY 07/19/2017 GOLDMAN SACHS & CO 996,080 1,000,000 4,830 2FE 87019U-W8-8 SWEDBANK AB/NEW YORK 08/15/2017 WELLS FARGO SECS LLC 775,000 775,000 1FE 883556-BR-2 THERMO FISHER SCIENTIFIC INC 08/11/2017 CREDIT SUISSE FIRST 745,628 760,000 9,155 2FE 89237R-AE-8 TOYOTA AUTO RECEIVABLES 2017-C OWNER TRU 07/25/2017 CITIGROUP GLOBAL MKT 664,893 665,000 1FE 902494-BF-9 TYSON FOODS INC 08/21/2017 BANC/AMERICA SECUR.L 613,856 615,000 2FE 90331H-MS-9 US BANK NA/CINCINNATI OH 07/18/2017 U.S. BANCORP INVESTM 1,496,055 1,500,000 20,300 1FE 907818-EP-9 UNION PACIFIC CORP 08/18/2017 U.S. BANCORP INVESTM 1,010,470 1,000,000 11,500 1FE 91324P-CP-5 UNITEDHEALTH GROUP INC 08/24/2017 WELLS FARGO SECS LLC 1,326,488 1,250,000 5,729 1FE 91913Y-AU-4 VALERO ENERGY CORP 08/28/2017 RBC CAPITAL MARKETS 1,187,184 1,200,000 18,813 2FE 927804-FN-9 VIRGINIA ELECTRIC & POWER CO 07/14/2017 MORGAN STANLEY & CO 1,465,084 1,449,000 13,725 1FE 92826C-AC-6 VISA INC 08/17/2017 CITIGROUP GLOBAL MKT 4,092,200 4,000,000 21,156 1FE 95000U-2B-8 WELLS FARGO & CO 07/17/2017 WELLS FARGO SECS LLC 7,992,960 8,000,000 1FE 064159-JX-5 BANK OF NOVA SCOTIA/THE A 07/11/2017 VARIOUS 4,409,383 4,410,000 1FE 064159-JY-3 BANK OF NOVA SCOTIA/THE A 07/11/2017 NON-BROKER TRADE, BO 3,000,000 3,000,000 1FE 136069-VY-4 CANADIAN IMPERIAL BANK OF COMMERCE A 09/28/2017 WACHOVIA SECURITIES, 3,000,000 3,000,000 1FE 29250N-AR-6 ENBRIDGE INC A 07/11/2017 MITSUBISHI UFJ SECS 4,975,950 5,000,000 3,597 2FE 78012K-5K-9 ROYAL BANK OF CANADA A 08/24/2017 NON-BROKER TRADE, BO 5,000,000 5,000,000 1FE 055451-AU-2 BHP BILLITON FINANCE USA LTD D 08/21/2017 DEUTSCHE BANC/ALEX B 1,612,380 1,500,000 23,100 1FE 05565Q-DG-0 BP CAPITAL MARKETS PLC D 08/25/2017 GOLDMAN SACHS & CO 1,028,800 1,000,000 8,219 1FE 05565Q-DN-5 BP CAPITAL MARKETS PLC D 09/14/2017 CREDIT SUISSE FIRST 750,000 750,000 1FE 21685W-DD-6 COOPERATIEVE RABOBANK UA D 07/14/2017 JP MORGAN CHASE BANK 3,198,480 3,000,000 51,990 1FE 22546Q-AF-4 CREDIT SUISSE AG/NEW YORK NY D 08/09/2017 MARKETAXESS CORP 852,576 800,000 875 1FE 22546Q-AP-2 CREDIT SUISSE AG/NEW YORK NY D 08/22/2017 VARIOUS 2,501,394 2,400,000 37,297 1FE 36164Q-MS-4 GE CAPITAL INTERNATIONAL FUNDING CO UNLI D 08/18/2017 VARIOUS 1,009,575 1,000,000 6,375 1FE STATEMENT AS OF SEPTEMBER 30, 2017 OF THE Citizens Property Insurance Corporation SCHEDULE D - PART 3 Show All Long-Term Bonds and Stock Acquired During the Current Quarter 1 2 3 4 5 6 7 8 9 10 NAIC Designation or CUSIP Number of Actual Paid for Accrued Market Identification Description Foreign Date Acquired Name of Vendor Shares of Stock Cost Par Value Interest and Dividends Indicator (a) 404280-AV-1 HSBC HOLDINGS PLC D 08/21/2017 BANC/AMERICA SECUR.L 2,467,156 2,380,000 37,313 1FE 404280-AW-9 HSBC HOLDINGS PLC D 07/18/2017 JP MORGAN CHASE BANK 536,920 500,000 7,943 1FE 404280-BB-4 HSBC HOLDINGS PLC D 08/18/2017 JP MORGAN CHASE BANK 1,673,536 1,600,000 15,253 1FE 404280-BJ-7 HSBC HOLDINGS PLC D 08/23/2017 RBC CAPITAL MARKETS 2,050,128 2,000,000 29,902 1FE 606822-AP-9 MITSUBISHI UFJ FINANCIAL GROUP INC D 07/20/2017 VARIOUS 4,969,329 4,966,000 1FE 606822-AR-5 MITSUBISHI UFJ FINANCIAL GROUP INC D 07/18/2017 MITSUBISHI UFJ SECS 17,500,000 17,500,000 1FE 60687Y-AH-2 MIZUHO FINANCIAL GROUP INC D 08/28/2017 MITSUBISHI UFJ SECS 1,319,994 1,300,000 320 1FE 60687Y-AL-3 MIZUHO FINANCIAL GROUP INC D 09/05/2017 BK OF NY/MIZUHO SECU 8,500,000 8,500,000 1FE 686330-AH-4 ORIX CORP D 07/10/2017 JPM SECURITIES-FIXED 798,816 800,000 1FE 822582-BD-3 SHELL INTERNATIONAL FINANCE BV D 08/18/2017 JPM SECURITIES-FIXED 1,146,138 1,112,000 10,240 1FE 85771P-AF-9 STATOIL ASA D 09/26/2017 BK OF NY/MIZUHO SECU 1,469,793 1,422,000 8,088 1FE 86562M-AQ-3 SUMITOMO MITSUI FINANCIAL GROUP INC D 07/06/2017 VARIOUS 6,125,000 6,125,000 1FE 86960B-AR-3 SVENSKA HANDELSBANKEN AB D 08/30/2017 MORGAN STANLEY & CO 349,647 350,000 1FE 86960B-AS-1 SVENSKA HANDELSBANKEN AB D 08/30/2017 NON-BROKER TRADE, BO 1,725,000 1,725,000 1FE 89153V-AG-4 TOTAL CAPITAL INTERNATIONAL SA D 07/20/2017 BARCLAYS CAPITAL FIX 2,117,540 2,000,000 2,056 1FE 3899999 - Bonds - Industrial and Miscellaneous (Unaffiliated) 369,763,657 368,275,361 922,672 XXX Bonds - Hybrid Securities Bonds - Parent, Subsidiaries and Affiliates Bonds - SVO Identified Funds 8399997 - Subtotals - Bonds - Part 3 825,942,474 810,255,522 2,110,953 XXX 8399999 - Subtotals - Bonds 825,942,474 810,255,522 2,110,953 XXX Preferred Stocks - Industrial and Miscellaneous (Unaffiliated) Preferred Stocks - Parent, Subsidiaries and Affiliates E Common Stocks - Industrial and Miscellaneous 0

4 Common Stocks - Parent, Subsidiaries and Affiliates .

4 Common Stocks - Mutual Funds Common Stocks - Money Market Mutual Funds

9999999 Totals 825,942,474 XXX 2,110,953 XXX (a) For all common stock bearing the NAIC market indicator "U" provide: the number of such issues . STATEMENT AS OF SEPTEMBER 30, 2017 OF THE Citizens Property Insurance Corporation SCHEDULE D - PART 4 Show All Long-Term Bonds and Stock Sold, Redeemed or Otherwise Disposed of During the Current Quarter 1 2 3 4 5 6 7 8 9 10 Change in Book/Adjusted Carrying Value 16 17 18 19 20 21 22

11 12 13 14 15 F NAIC o Desig- r Current Year’s Book/ Bond nation e Prior Year Unrealized Other Than Total Foreign Adjusted Foreign Interest/Stock Stated or CUSIP i Number of Book/Adjusted Valuation Current Year’s Temporary Total Change in Exchange Carrying Value Exchange Gain Realized Gain Total Gain Dividends Contractual Market Identi- g Disposal Shares of Carrying Increase/ (Amortization)/ Impairment B./A.C.V. Change in at (Loss) on (Loss) on (Loss) on Received Maturity Indicator fication Description n Date Name of Purchaser Stock Consideration Par Value Actual Cost Value (Decrease) Accretion Recognized (11+12-13) B./A.C.V. Disposal Date Disposal Disposal Disposal During Year Date (a) Bonds - U.S. Governments 3622A2-TU-6 GINNIE MAE I POOL 09/01/2017 PAYDOWN 538,164 538,164 566,922 (28,758) (28,758) 538,164 12,712 04/01/2025 1 GOVERNMENT NATIONAL 38378M-WF-8 MORTGAGE ASSOCIATION 09/01/2017 PAYDOWN 54,787 54,787 54,941 54,914 (127) (127) 54,787 549 08/01/2025 1 UNITED STATES TREASURY 912810-FE-3 NOTE/BOND 09/06/2017 BANC/AMERICA SECUR.L 5,973,223 4,500,000 5,893,242 (39,891) (39,891) 5,853,351 119,871 119,871 155,659 08/15/2028 1 UNITED STATES TREASURY 912810-FG-8 NOTE/BOND 09/06/2017 JPM SECURITIES-FIXED 6,564,648 5,000,000 6,430,879 (61,099) (61,099) 6,369,780 194,868 194,868 262,238 02/15/2029 1 UNITED STATES TREASURY 912810-FP-8 NOTE/BOND 09/06/2017 VARIOUS 20,774,137 15,150,000 20,209,232 (182,650) (182,650) 20,026,582 747,555 747,555 825,771 02/15/2031 1 UNITED STATES TREASURY 912828-2A-7 NOTE/BOND 09/06/2017 MORGAN STANLEY & CO 7,643,093 8,000,000 7,373,470 36,579 36,579 7,410,048 233,045 233,045 127,500 08/15/2026 1 UNITED STATES TREASURY 912828-2C-3 NOTE/BOND 07/25/2017 VARIOUS 352,961 355,000 354,474 354,512 159 159 354,671 (1,710) (1,710) 2,350 08/31/2018 1 UNITED STATES TREASURY 912828-2Q-2 NOTE/BOND 09/28/2017 GOLDMAN SACHS & CO 2,544,422 2,550,000 2,554,582 (96) (96) 2,554,486 (10,064) (10,064) 4,677 08/15/2020 1 UNITED STATES TREASURY 912828-2S-8 NOTE/BOND 09/06/2017 ABN AMRO SECURITIES 2,762,075 2,765,000 2,753,020 38 38 2,753,059 9,016 9,016 869 08/31/2022 1 UNITED STATES TREASURY 912828-B2-5 INFLATION INDEXED 09/18/2017 UBS SECURITIES LLC 5,604,433 5,464,667 5,409,521 5,411,394 (1,927) (1,412) (3,339) 5,408,054 196,379 196,379 37,203 01/15/2024 1 UNITED STATES TREASURY 912828-D7-2 NOTE/BOND 09/15/2017 NON-BROKER TRADE, BO 4,047,500 4,000,000 4,017,813 4,017,514 (2,581) (2,581) 4,014,933 32,567 32,567 84,199 08/31/2021 1 UNITED STATES TREASURY 912828-G5-3 NOTE/BOND 09/15/2017 NON-BROKER TRADE, BO 4,931,391 4,900,000 4,917,418 4,917,061 (2,393) (2,393) 4,914,668 16,722 16,722 73,801 11/30/2021 1 E UNITED STATES TREASURY

0 912828-G6-1 NOTE/BOND 09/27/2017 NON-BROKER TRADE, BO 749,969 750,000 763,096 761,737 (2,952) (2,952) 758,785 (8,815) (8,815) 9,314 11/30/2019 1

5 UNITED STATES TREASURY 912828-G9-5 NOTE/BOND 09/06/2017 BMOCM/BONDS 3,549,085 3,525,000 3,528,993 3,527,517 (565) (565) 3,526,952 22,133 22,133 68,021 12/31/2019 1 UNITED STATES TREASURY 912828-H8-6 NOTE/BOND 08/09/2017 VARIOUS 1,923,486 1,945,000 1,948,366 1,947,955 (329) (329) 1,947,626 (24,141) (24,141) 29,209 01/31/2022 1 UNITED STATES TREASURY 912828-K7-4 NOTE/BOND 09/06/2017 CITIGROUP GLOBAL MKT 19,175,357 19,150,000 18,748,032 16,687,548 26,689 26,689 18,803,099 372,258 372,258 405,938 08/15/2025 1 UNITED STATES TREASURY 912828-L9-9 NOTE/BOND 08/09/2017 VARIOUS 5,994,993 6,030,000 6,052,162 6,049,148 (2,932) (2,932) 6,046,216 (51,222) (51,222) 63,826 10/31/2020 1 UNITED STATES TREASURY 912828-N8-9 NOTE/BOND 09/18/2017 NESBITT BURNS SEC IN 1,786,002 1,800,000 1,813,570 1,811,252 (1,938) (1,938) 1,809,314 (23,312) (23,312) 28,113 01/31/2021 1 UNITED STATES TREASURY 912828-P4-6 NOTE/BOND 09/06/2017 BARCLAYS CAPITAL FIX 21,329,600 22,000,000 20,608,760 20,617,279 93,782 93,782 20,711,061 618,539 618,539 379,844 02/15/2026 1 UNITED STATES TREASURY 912828-P5-3 NOTE/BOND 09/19/2017 NON-BROKER TRADE, BO 1,239,890 1,250,000 1,248,145 1,248,407 537 537 1,248,945 (9,054) (9,054) 10,292 02/15/2019 1 UNITED STATES TREASURY 912828-Q7-8 NOTE/BOND 08/01/2017 GOLDMAN SACHS & CO 10,435,835 10,540,000 10,530,557 10,531,631 1,098 1,098 10,532,729 (96,894) (96,894) 109,481 04/30/2021 1 UNITED STATES TREASURY 912828-QG-8 NOTE/BOND 09/15/2017 HSBC SECURITIES INC. 1,008,594 1,000,000 1,053,008 1,017,338 (9,289) (9,289) 1,008,049 545 545 23,254 04/30/2018 1 UNITED STATES TREASURY 912828-QQ-6 NOTE/BOND 09/15/2017 BANC/AMERICA SECUR.L 3,325,781 3,300,000 3,477,117 3,351,684 (26,079) (26,079) 3,325,605 176 176 62,957 05/31/2018 1 UNITED STATES TREASURY 912828-QT-0 NOTE/BOND 09/27/2017 BANC/AMERICA SECUR.L 252,021 250,000 261,123 253,496 (1,724) (1,724) 251,772 249 249 7,390 06/30/2018 1 UNITED STATES TREASURY 912828-R3-6 NOTE/BOND 09/06/2017 VARIOUS 20,491,137 21,270,000 19,870,742 6,389,778 74,147 74,147 19,948,263 542,874 542,874 253,090 05/15/2026 1 UNITED STATES TREASURY 912828-R7-7 NOTE/BOND 09/06/2017 VARIOUS 10,433,965 10,500,000 10,340,039 7,383 7,383 10,347,423 86,542 86,542 40,630 05/31/2021 1 UNITED STATES TREASURY 912828-RH-5 NOTE/BOND 09/15/2017 CITIGROUP GLOBAL MKT 1,501,113 1,500,000 1,499,824 1,499,924 31 31 1,499,955 1,158 1,158 20,005 09/30/2018 1 UNITED STATES TREASURY 912828-S2-7 NOTE/BOND 09/28/2017 GOLDMAN SACHS & CO 6,846,055 7,000,000 6,998,633 6,998,754 202 202 6,998,956 (152,902) (152,902) 98,224 06/30/2021 1 UNITED STATES TREASURY 912828-S4-3 NOTE/BOND 07/12/2017 MORGAN STANLEY & CO 1,117,569 1,131,000 1,116,837 441 441 1,117,278 291 291 4,194 07/15/2019 1 UNITED STATES TREASURY 912828-S7-6 NOTE/BOND 09/18/2017 VARIOUS 2,582,722 2,635,000 2,610,646 1,996,152 2,648 2,648 2,613,587 (30,865) (30,865) 29,867 07/31/2021 1 UNITED STATES TREASURY 912828-TH-3 NOTE/BOND 09/06/2017 MORGAN STANLEY & CO 4,962,109 5,000,000 4,907,344 4,938,027 16,230 16,230 4,954,257 7,852 7,852 48,268 07/31/2019 1 UNITED STATES TREASURY 912828-TM-2 NOTE/BOND 08/31/2017 VARIOUS 5,474,912 5,475,000 5,480,157 5,477,898 (2,878) (2,878) 5,475,020 (108) (108) 34,074 08/31/2017 1 UNITED STATES TREASURY 912828-U2-4 NOTE/BOND 08/02/2017 GOLDMAN SACHS & CO 915,241 935,000 894,824 1,838 1,838 896,662 18,579 18,579 13,415 11/15/2026 1 STATEMENT AS OF SEPTEMBER 30, 2017 OF THE Citizens Property Insurance Corporation SCHEDULE D - PART 4 Show All Long-Term Bonds and Stock Sold, Redeemed or Otherwise Disposed of During the Current Quarter 1 2 3 4 5 6 7 8 9 10 Change in Book/Adjusted Carrying Value 16 17 18 19 20 21 22

11 12 13 14 15 F NAIC o Desig- r Current Year’s Book/ Bond nation e Prior Year Unrealized Other Than Total Foreign Adjusted Foreign Interest/Stock Stated or CUSIP i Number of Book/Adjusted Valuation Current Year’s Temporary Total Change in Exchange Carrying Value Exchange Gain Realized Gain Total Gain Dividends Contractual Market Identi- g Disposal Shares of Carrying Increase/ (Amortization)/ Impairment B./A.C.V. Change in at (Loss) on (Loss) on (Loss) on Received Maturity Indicator fication Description n Date Name of Purchaser Stock Consideration Par Value Actual Cost Value (Decrease) Accretion Recognized (11+12-13) B./A.C.V. Disposal Date Disposal Disposal Disposal During Year Date (a) UNITED STATES TREASURY 912828-U3-2 NOTE/BOND 09/18/2017 MORGAN STANLEY & CO 778,938 786,000 776,113 378,531 1,699 1,699 777,833 1,105 1,105 4,654 11/15/2019 1 UNITED STATES TREASURY 912828-U5-7 NOTE/BOND 09/06/2017 JPM SECURITIES-FIXED 10,289,143 10,125,000 10,027,236 7,892 7,892 10,035,128 254,014 254,014 164,246 11/30/2023 1 UNITED STATES TREASURY 912828-U6-5 NOTE/BOND 09/06/2017 VARIOUS 57,787,754 57,450,000 57,165,822 57,167,700 37,661 37,661 57,205,361 582,394 582,394 774,633 11/30/2021 1 UNITED STATES TREASURY 912828-UR-9 NOTE/BOND 09/18/2017 NON-BROKER TRADE, BO 10,980,234 11,000,000 10,980,664 10,988,685 6,938 6,938 10,995,623 (15,388) (15,388) 86,830 02/28/2018 1 UNITED STATES TREASURY 912828-V2-3 NOTE/BOND 09/18/2017 VARIOUS 4,846,438 4,750,000 4,738,496 982 982 4,739,478 106,960 106,960 74,761 12/31/2023 1 UNITED STATES TREASURY 912828-V7-2 NOTE/BOND 09/07/2017 VARIOUS 2,285,953 2,262,000 2,246,933 1,489 1,489 2,248,422 37,530 37,530 25,635 01/31/2022 1 UNITED STATES TREASURY 912828-V9-8 NOTE/BOND 09/27/2017 VARIOUS 19,359,937 19,141,000 18,744,459 17,204 17,204 18,761,662 598,274 598,274 242,838 02/15/2027 1 UNITED STATES TREASURY 912828-VB-3 NOTE/BOND 09/15/2017 NON-BROKER TRADE, BO 2,479,395 2,500,000 2,451,758 2,452,512 5,029 5,029 2,457,541 21,854 21,854 36,974 05/15/2023 1 UNITED STATES TREASURY 912828-VF-4 NOTE/BOND 09/15/2017 BK OF NOVA SCOTIA NY 1,346,467 1,350,000 1,341,246 1,343,609 1,313 1,313 1,344,922 1,545 1,545 14,911 05/31/2020 1 UNITED STATES TREASURY 912828-VQ-0 NOTE/BOND 08/21/2017 VARIOUS 150,195 150,000 149,145 149,684 125 125 149,809 386 386 2,163 07/31/2018 1 UNITED STATES TREASURY 912828-W3-0 NOTE/BOND 09/06/2017 VARIOUS 4,244,345 4,253,000 4,238,454 3,394 3,394 4,241,848 2,497 2,497 24,147 02/28/2019 1 UNITED STATES TREASURY 912828-W4-8 NOTE/BOND 09/06/2017 HSBC SECURITIES (USA 18,301,569 18,000,000 17,796,166 12,942 12,942 17,809,107 492,461 492,461 198,646 02/29/2024 1

E UNITED STATES TREASURY

0 912828-W5-5 NOTE/BOND 09/07/2017 VARIOUS 22,060,481 21,834,000 21,887,982 (2,759) (2,759) 21,885,223 175,258 175,258 212,690 02/28/2022 1 UNITED STATES TREASURY 5 912828-WC-0 NOTE/BOND 08/08/2017 VARIOUS 3,016,172 3,000,000 3,075,820 3,069,806 (10,378) (10,378) 3,059,429 (43,257) (43,257) 39,423 10/31/2020 1 .

1 UNITED STATES TREASURY 912828-WD-8 NOTE/BOND 07/20/2017 MORGAN STANLEY & CO 1,199,203 1,200,000 1,211,203 1,209,838 (3,011) (3,011) 1,206,827 (7,624) (7,624) 11,005 10/31/2018 1 UNITED STATES TREASURY 912828-WE-6 NOTE/BOND 09/06/2017 GOLDMAN SACHS & CO 7,377,344 7,000,000 7,337,969 (2,650) (2,650) 7,335,318 42,025 42,025 62,249 11/15/2023 1 UNITED STATES TREASURY 912828-WN-6 NOTE/BOND 09/06/2017 MORGAN STANLEY & CO 3,051,914 3,000,000 3,061,289 3,052,268 (7,852) (7,852) 3,044,416 7,498 7,498 46,230 05/31/2021 1 UNITED STATES TREASURY 912828-WW-6 NOTE/BOND 07/18/2017 MORGAN STANLEY & CO 10,052,734 10,000,000 10,053,125 (9,735) (9,735) 10,043,390 9,344 9,344 75,863 07/31/2019 1 UNITED STATES TREASURY 912828-WY-2 NOTE/BOND 08/09/2017 JPM SECURITIES-FIXED 510,859 500,000 510,625 510,394 (1,339) (1,339) 509,054 1,805 1,805 11,586 07/31/2021 1 UNITED STATES TREASURY 912828-X4-7 NOTE/BOND 09/06/2017 VARIOUS 3,027,578 3,000,000 3,002,344 (134) (134) 3,002,210 25,369 25,369 19,081 04/30/2022 1 UNITED STATES TREASURY 912828-X5-4 FLOATING RATE NOT 09/18/2017 VARIOUS 9,436,709 9,436,000 9,436,990 (48) (48) 9,436,942 (233) (233) 19,245 04/30/2019 1 UNITED STATES TREASURY 912828-X8-8 NOTE/BOND 09/06/2017 VARIOUS 48,086,581 47,015,900 47,547,932 (11,064) (11,064) 47,536,867 549,713 549,713 344,702 05/15/2027 1 UNITED STATES TREASURY 912828-XA-3 NOTE/BOND 07/05/2017 BARCLAYS BZWSIFED 7,483,301 7,500,000 7,524,316 7,519,987 (7,437) (7,437) 7,512,551 (29,250) (29,250) 48,098 05/15/2018 1 UNITED STATES TREASURY 912828-XB-1 NOTE/BOND 09/15/2017 BK OF NOVA SCOTIA NY 2,504,297 2,500,000 2,489,355 171 171 2,489,527 14,770 14,770 18,334 05/15/2025 1 UNITED STATES TREASURY 912828-XK-1 NOTE/BOND 09/19/2017 NON-BROKER TRADE, BO 598,007 600,000 597,797 597,805 1,020 1,020 598,824 (818) (818) 6,192 07/15/2018 1 UNITED STATES TREASURY 912828-XR-6 NOTE/BOND 09/06/2017 BANC/AMERICA SECUR.L 2,814,000 2,800,000 2,795,297 244 244 2,795,541 18,459 18,459 13,254 05/31/2022 1 UNITED STATES TREASURY 912828-XT-2 NOTE/BOND 09/06/2017 CITIGROUP GLOBAL MKT 14,213,280 14,100,000 14,080,216 576 576 14,080,792 132,488 132,488 76,279 05/31/2024 1 UNITED STATES TREASURY 912828-XV-7 NOTE/BOND 07/31/2017 VARIOUS 10,979,453 11,000,000 10,974,219 697 697 10,974,915 4,538 4,538 7,507 06/30/2019 1 UNITED STATES TREASURY 912828-XX-3 NOTE/BOND 09/18/2017 HSBC SECURITIES (USA 1,371,074 1,375,000 1,368,179 118 118 1,368,297 2,777 2,777 6,053 06/30/2024 1 0599999 - Bonds - U.S. Governments 467,519,625 457,891,518 461,898,639 198,301,737 (1,927) (62,802) (64,729) 461,720,997 5,798,627 5,798,627 5,995,160 XXX XXX Bonds - All Other Governments CHILE GOVERNMENT 168863-CA-4 INTERNATIONAL BOND D 09/06/2017 BBVA SECURITIES INC 5,193,650 5,000,000 4,881,350 4,890,938 7,167 7,167 4,898,105 295,545 295,545 176,649 01/21/2026 1FE 219868-BT-2 CORP ANDINA DE FOMENTO D 08/08/2017 MATURITY 280,000 280,000 279,804 279,960 40 40 280,000 4,200 08/08/2017 1FE UKRAINE GOVERNMENT AID 903724-AK-8 BONDS D 09/18/2017 WELLS FARGO SECS LLC 1,106,974 1,100,000 1,118,805 1,111,076 (3,317) (3,317) 1,107,759 (785) (785) 17,129 05/16/2019 1FE 1099999 - Bonds - All Other Governments 6,580,624 6,380,000 6,279,959 6,281,974 3,890 3,890 6,285,864 294,760 294,760 197,978 XXX XXX Bonds - U.S. States, Territories and Possessions STATEMENT AS OF SEPTEMBER 30, 2017 OF THE Citizens Property Insurance Corporation SCHEDULE D - PART 4 Show All Long-Term Bonds and Stock Sold, Redeemed or Otherwise Disposed of During the Current Quarter 1 2 3 4 5 6 7 8 9 10 Change in Book/Adjusted Carrying Value 16 17 18 19 20 21 22

11 12 13 14 15 F NAIC o Desig- r Current Year’s Book/ Bond nation e Prior Year Unrealized Other Than Total Foreign Adjusted Foreign Interest/Stock Stated or CUSIP i Number of Book/Adjusted Valuation Current Year’s Temporary Total Change in Exchange Carrying Value Exchange Gain Realized Gain Total Gain Dividends Contractual Market Identi- g Disposal Shares of Carrying Increase/ (Amortization)/ Impairment B./A.C.V. Change in at (Loss) on (Loss) on (Loss) on Received Maturity Indicator fication Description n Date Name of Purchaser Stock Consideration Par Value Actual Cost Value (Decrease) Accretion Recognized (11+12-13) B./A.C.V. Disposal Date Disposal Disposal Disposal During Year Date (a) 13063C-ZM-5 STATE OF CALIFORNIA 09/18/2017 VARIOUS 2,234,830 2,000,000 2,332,540 2,274,545 (51,886) (51,886) 2,222,659 12,171 12,171 104,167 09/01/2020 1FE 13063D-AD-0 STATE OF CALIFORNIA 08/17/2017 RAYMOND JAMES & ASSO 2,022,260 2,000,000 2,000,000 2,000,000 22,260 22,260 15,123 04/01/2022 1FE 20772J-HJ-4 STATE OF CONNECTICUT 09/15/2017 MATURITY 1,125,000 1,125,000 1,125,000 1,125,000 1,125,000 11,337 09/15/2017 1FE 20772J-HM-7 STATE OF CONNECTICUT 07/18/2017 CALL 100 3,000,000 3,000,000 3,000,000 3,000,000 3,000,000 26,311 09/15/2024 1FE 20772J-X8-0 STATE OF CONNECTICUT 07/21/2017 WELLS FARGO BANK N.A 1,115,910 1,000,000 1,161,240 1,143,857 (18,077) (18,077) 1,125,780 (9,870) (9,870) 34,861 05/15/2021 1FE 20772J-Y7-1 STATE OF CONNECTICUT 09/11/2017 NATL FINANCIAL SERVI 2,188,160 2,000,000 2,272,000 2,234,803 (47,791) (47,791) 2,187,012 1,148 1,148 82,778 05/15/2020 1FE 20772J-YW-6 STATE OF CONNECTICUT 08/14/2017 STIFEL NICHOLAUS & C 3,250,620 3,000,000 3,515,880 3,304,482 (64,794) (64,794) 3,239,688 10,932 10,932 112,500 11/15/2019 1FE 25476F-LJ-5 DISTRICT OF COLUMBIA 09/06/2017 PERSHING & COMPANY 1,444,300 1,250,000 1,443,613 1,404,692 (18,169) (18,169) 1,386,523 57,777 57,777 54,534 06/01/2022 1FE 419792-SB-3 STATE OF HAWAII 07/06/2017 MORGAN STANLEY & CO 2,351,380 2,000,000 2,353,080 (8,325) (8,325) 2,344,755 6,625 6,625 13,056 10/01/2022 1FE 451434-BX-1 STATE OF IDAHO 08/10/2017 MORGAN STANLEY & CO 9,771,390 9,500,000 9,787,660 (27,009) (27,009) 9,760,651 10,739 10,739 35,333 06/29/2018 1FE 452152-FW-6 STATE OF ILLINOIS 07/01/2017 MATURITY 350,000 350,000 374,934 355,783 (5,783) (5,783) 350,000 17,938 07/01/2017 2FE 56052A-YU-4 STATE OF MAINE 09/11/2017 UBS FINANCIAL SERVIC 1,716,570 1,500,000 1,779,015 1,749,933 (38,764) (38,764) 1,711,169 5,401 5,401 58,750 06/01/2021 1FE 594612-BU-6 STATE OF MICHIGAN 08/14/2017 J.P. MORGAN SECURITI 1,012,560 1,000,000 1,092,310 1,038,388 (25,984) (25,984) 1,012,404 156 156 35,278 12/01/2017 1FE 605581-FY-8 STATE OF MISSISSIPPI 09/06/2017 CTGRP GLBL MKTS INC/ 1,502,430 1,500,000 1,500,000 1,500,000 1,500,000 2,430 2,430 20,669 10/01/2018 1FE 68608U-AB-2 STATE OF OREGON 09/15/2017 J.P. MORGAN SECURITI 500,000 500,000 500,000 500,000 1,366 06/01/2040 1FE COMMONWEALTH OF 70914P-YH-9 PENNSYLVANIA 08/15/2017 MATURITY 5,000,000 5,000,000 5,427,000 5,123,624 (123,624) (123,624) 5,000,000 250,000 08/15/2017 1FE 76222R-SH-6 STATE OF RHODE ISLAND 08/01/2017 MATURITY 2,000,000 2,000,000 2,127,480 2,037,287 (37,287) (37,287) 2,000,000 80,000 08/01/2017 1FE 882723-7T-0 STATE OF TEXAS 09/06/2017 VARIOUS 3,170,130 3,000,000 3,000,000 3,000,000 170,130 170,130 61,618 10/01/2029 1FE 93974D-DA-3 STATE OF WASHINGTON 08/31/2017 JPM SECURITIES-FIXED 7,241,360 7,000,000 8,220,100 7,401,755 (181,928) (181,928) 7,219,828 21,532 21,532 413,194 07/01/2018 1FE 1799999 - Bonds - U.S. States, Territories and Possessions 50,996,900 48,725,000 53,011,852 33,694,150 (649,421) (649,421) 50,685,470 311,430 311,430 1,428,813 XXX XXX Bonds - U.S. Political Subdivisions of States, Territories and Possessions 047772-ZD-3 CITY OF ATLANTA GA 09/11/2017 BARCLAYS CAPITAL FIX 2,522,925 2,500,000 2,739,775 2,590,768 (69,303) (69,303) 2,521,464 1,461 1,461 97,917 12/01/2017 1FE 108151-3E-9 CITY OF BRIDGEPORT CT 07/01/2017 MATURITY 400,000 400,000 423,536 405,752 (5,752) (5,752) 400,000 16,000 07/01/2017 1FE E 170016-YX-1 CHIPPEWA VALLEY SCHOOLS 09/06/2017 BONY VINNING-SPARKS 1,572,072 1,550,000 1,550,000 1,550,000 1,550,000 22,072 22,072 31,062 05/01/2020 1FE 0 199492-AV-1 CITY OF COLUMBUS OH 08/15/2017 MATURITY 2,085,000 2,085,000 2,505,982 2,139,495 (54,495) (54,495) 2,085,000 104,250 08/15/2017 1FE 5 260183-XY-9 CITY OF DOVER NH 07/13/2017 NATL FINANCIAL SERVI 516,795 500,000 573,565 526,298 (10,137) (10,137) 516,161 634 634 16,528 05/15/2018 1FE

. 30382A-CU-4 COUNTY OF FAIRFAX VA 08/31/2017 JPM SECURITIES-FIXED 3,588,535 3,470,000 3,805,029 3,655,836 (71,861) (71,861) 3,583,975 4,560 4,560 129,161 10/01/2018 1FE 2 GWINNETT COUNTY SCHOOL 403755-U2-5 DISTRICT 09/08/2017 MORGAN STANLEY & CO 5,688,490 5,300,000 5,929,481 5,790,078 (109,730) (109,730) 5,680,348 8,142 8,142 236,144 02/01/2020 1FE 442331-XN-9 CITY OF HOUSTON TX 08/10/2017 NATL FINANCIAL SERVI 2,046,540 2,000,000 2,316,680 2,091,825 (48,348) (48,348) 2,043,477 3,063 3,063 95,278 03/01/2018 1FE HOUSTON INDEPENDENT 442403-KM-2 SCHOOL DISTRICT 08/14/2017 J.P. MORGAN SECURITI 1,592,610 1,500,000 1,669,005 1,626,559 (36,830) (36,830) 1,589,729 2,881 2,881 75,000 02/15/2019 1FE LOS ANGELES UNIFIED 544646-M9-0 SCHOOL DISTRICT/CA 06/30/2017 CTGRP GLBL MKTS INC/ 125,000 07/01/2018 1FE 59163P-HR-7 METRO/OR 07/12/2017 CTGRP GLBL MKTS INC/ 2,637,150 2,500,000 2,813,825 2,669,208 (36,715) (36,715) 2,632,493 4,657 4,657 61,667 06/01/2019 1FE 64966E-3R-6 CITY OF NEW YORK NY 09/06/2017 MORGAN STANLEY & CO 4,326,420 4,200,000 4,655,994 4,397,787 (85,177) (85,177) 4,312,610 13,810 13,810 222,320 08/01/2018 1FE 64966K-4T-7 CITY OF NEW YORK NY 09/12/2017 JPM SECURITIES-FIXED 1,554,870 1,500,000 1,735,800 1,579,889 (35,255) (35,255) 1,544,634 10,236 10,236 83,958 08/01/2018 1FE OAKLAND UNIFIED SCHOOL 672325-F7-7 DISTRICT/ALAMEDA 09/06/2017 VARIOUS 3,342,624 3,200,000 3,200,000 3,200,000 142,624 142,624 34,379 08/01/2030 1FE 718814-XP-6 CITY OF PHOENIX AZ 07/01/2017 MATURITY 1,600,000 1,600,000 1,739,408 1,633,711 (33,711) (33,711) 1,600,000 80,000 07/01/2017 1FE 780464-KG-7 CITY OF ROYAL OAK MI 09/06/2017 PERSHING & COMPANY 1,897,945 1,750,000 1,750,000 1,750,000 147,945 147,945 38,813 10/01/2030 1FE 780464-KH-5 CITY OF ROYAL OAK MI 09/06/2017 PERSHING & COMPANY 1,795,962 1,645,000 1,645,000 1,645,000 150,962 150,962 37,385 10/01/2031 1FE 2499999 - Bonds - U.S. Political Subdivisions of States, Territories and Possessions 37,167,938 35,700,000 39,053,080 30,657,205 (597,314) (597,314) 36,654,891 513,047 513,047 1,484,862 XXX XXX Bonds - U.S. Special Revenue and Special Assessment and all Non-Guaranteed Obligations of Agencies and Authorities of Governments and Their Political Subdivisions 01176P-BV-1 ALASKA RAILROAD CORP 08/01/2017 MATURITY 3,955,000 3,955,000 4,258,428 4,042,323 (87,323) (87,323) 3,955,000 197,750 08/01/2017 1FE ALASKA HOUSING FINANCE 011832-6M-9 CORP 07/12/2017 WELLS FARGO BANK N.A 1,130,000 1,130,000 1,130,000 430,000 1,130,000 4,805 12/01/2030 1FE ALBUQUERQUE BERNALILLO 013493-FM-8 COUNTY WATER UTIL 07/19/2017 BARCLAYS CAPITAL INC 2,076,920 2,000,000 2,236,240 2,116,630 (43,529) (43,529) 2,073,101 3,819 3,819 106,389 07/01/2018 1FE CALIFORNIA EARTHQUAKE 13017H-AD-8 AUTHORITY 07/01/2017 MATURITY 2,615,000 2,615,000 2,615,000 2,615,000 2,615,000 47,698 07/01/2017 1FE CALIFORNIA INFRASTRUCTURE 13034A-JZ-4 & ECONOMIC DEV 09/11/2017 MORGAN STANLEY & CO 2,249,840 2,000,000 2,356,820 2,302,951 (55,672) (55,672) 2,247,279 2,561 2,561 95,000 10/01/2020 1FE CITY OF CHARLOTTE NC 161045-MD-8 WATER & SEWER SYSTE 08/14/2017 MORGAN STANLEY & CO 772,640 745,000 820,096 789,790 (18,510) (18,510) 771,279 1,360 1,360 41,803 07/01/2018 1FE CITY OF CHATTANOOGA TN 162393-ET-5 ELECTRIC REVENUE 08/31/2017 WELLS FARGO BANK N.A 1,894,547 1,820,000 2,039,474 1,940,915 (48,968) (48,968) 1,891,947 2,600 2,600 92,264 09/01/2018 1FE COUNTY OF CLARK 18085P-KC-7 DEPARTMENT OF AVIATION 09/29/2017 VARIOUS 2,550,000 2,550,000 2,550,000 200,000 2,550,000 12,027 07/01/2036 1FE EAST BATON ROUGE PARISH 270777-AC-9 INDUSTRIAL DEVEL 08/29/2017 MERRILL LYNCH PIERCE 3,500,000 3,500,000 3,500,000 3,500,000 12,370 08/01/2035 1FE 3128ME-3C-3 FREDDIE MAC GOLD POOL 09/01/2017 PAYDOWN 414,830 414,830 426,238 (11,408) (11,408) 414,830 6,358 04/01/2031 1 3128ME-4M-0 FREDDIE MAC GOLD POOL 09/01/2017 PAYDOWN 95,725 95,725 98,372 (2,647) (2,647) 95,725 1,408 08/01/2031 1 3128MF-AN-8 FREDDIE MAC GOLD POOL 09/01/2017 PAYDOWN 173,614 173,614 178,768 (5,154) (5,154) 173,614 1,253 03/01/2032 1 3128MM-V5-9 FREDDIE MAC GOLD POOL 09/01/2017 PAYDOWN 120,294 120,294 121,412 (1,118) (1,118) 120,294 384 03/01/2032 1 STATEMENT AS OF SEPTEMBER 30, 2017 OF THE Citizens Property Insurance Corporation SCHEDULE D - PART 4 Show All Long-Term Bonds and Stock Sold, Redeemed or Otherwise Disposed of During the Current Quarter 1 2 3 4 5 6 7 8 9 10 Change in Book/Adjusted Carrying Value 16 17 18 19 20 21 22

11 12 13 14 15 F NAIC o Desig- r Current Year’s Book/ Bond nation e Prior Year Unrealized Other Than Total Foreign Adjusted Foreign Interest/Stock Stated or CUSIP i Number of Book/Adjusted Valuation Current Year’s Temporary Total Change in Exchange Carrying Value Exchange Gain Realized Gain Total Gain Dividends Contractual Market Identi- g Disposal Shares of Carrying Increase/ (Amortization)/ Impairment B./A.C.V. Change in at (Loss) on (Loss) on (Loss) on Received Maturity Indicator fication Description n Date Name of Purchaser Stock Consideration Par Value Actual Cost Value (Decrease) Accretion Recognized (11+12-13) B./A.C.V. Disposal Date Disposal Disposal Disposal During Year Date (a) 3128MM-WD-1 FREDDIE MAC GOLD POOL 09/01/2017 PAYDOWN 106,454 106,454 107,419 (965) (965) 106,454 330 05/01/2032 1 3128MM-WG-4 FREDDIE MAC GOLD POOL 09/01/2017 PAYDOWN 96,422 96,422 97,318 (896) (896) 96,422 295 06/01/2032 1 3128MM-WM-1 FREDDIE MAC GOLD POOL 09/01/2017 PAYDOWN 351,398 351,398 354,296 (2,897) (2,897) 351,398 1,115 07/01/2032 1 3130A3-4K-7 FEDERAL HOME LOAN BANKS 09/06/2017 NON-BROKER TRADE, BO 2,000,968 2,000,000 2,009,200 2,005,065 (3,553) (3,553) 2,001,512 (544) (544) 18,133 12/22/2017 1 3130A8-BD-4 FEDERAL HOME LOAN BANKS 08/01/2017 VARIOUS 10,264,905 10,300,000 10,275,177 10,282,233 6,926 6,926 10,289,159 (24,254) (24,254) 53,266 06/29/2018 1 3130A8-PK-3 FEDERAL HOME LOAN BANKS 08/30/2017 JPM SECURITIES-FIXED 9,940,500 10,000,000 9,979,200 9,983,988 6,638 6,638 9,990,626 (50,126) (50,126) 66,667 08/07/2018 1 3130A8-Y7-2 FEDERAL HOME LOAN BANKS 07/20/2017 MORGAN STANLEY & CO 1,859,264 1,880,000 1,876,390 1,876,875 674 674 1,877,548 (18,285) (18,285) 16,039 08/05/2019 1 3130A9-EP-2 FEDERAL HOME LOAN BANKS 09/07/2017 TORONTO DOMINION SEC 496,535 500,000 499,565 499,609 97 97 499,706 (3,171) (3,171) 4,750 09/26/2019 1 3130AA-E4-6 FEDERAL HOME LOAN BANKS 09/06/2017 MORGAN STANLEY & CO 6,995,590 7,000,000 6,981,084 6,981,475 6,161 6,161 6,987,636 7,954 7,954 65,382 01/16/2019 1 3130AB-F9-2 FEDERAL HOME LOAN BANKS 09/06/2017 VARIOUS 8,009,056 8,000,000 7,996,170 456 456 7,996,626 12,430 12,430 36,361 05/28/2019 1 313379-EE-5 FEDERAL HOME LOAN BANKS 08/18/2017 BK OF AMERICA NA 10,041,300 10,000,000 10,171,090 10,121,481 (31,512) (31,512) 10,089,969 (48,669) (48,669) 112,396 06/14/2019 1 313380-EC-7 FEDERAL HOME LOAN BANKS 09/08/2017 VARIOUS 8,999,940 9,000,000 9,004,986 9,003,110 (3,099) (3,099) 9,000,011 (71) (71) 67,354 09/08/2017 1 3133EF-PB-7 FEDERAL FARM CREDIT BANKS 09/06/2017 MORGAN STANLEY & CO 9,022,149 9,000,000 8,997,156 8,998,216 658 658 8,998,873 23,276 23,276 82,701 11/16/2018 1 3133EG-L5-2 FEDERAL FARM CREDIT BANKS 09/15/2017 VARIOUS 13,015,102 12,900,000 12,900,000 12,900,000 12,900,000 115,102 115,102 92,887 11/23/2021 1 3133EH-KZ-5 FEDERAL FARM CREDIT BANKS 09/18/2017 NON-BROKER TRADE, BO 15,206,056 15,200,000 15,197,074 488 488 15,197,562 8,494 8,494 55,514 04/24/2019 1 FEDERAL HOME LOAN 3134G9-JD-0 MORTGAGE CORP 08/07/2017 DEUTSCHE BANK 2,145,292 2,150,000 2,150,000 2,150,000 2,150,000 (4,709) (4,709) 16,065 05/11/2018 1 FEDERAL NATIONAL MORTGAGE 3135G0-D7-5 ASSOCIATION 09/06/2017 JPM SECURITIES-FIXED 4,111,037 4,100,000 4,085,691 4,090,234 1,880 1,880 4,092,114 18,923 18,923 43,563 06/22/2020 1 FEDERAL NATIONAL MORTGAGE 3135G0-K3-6 ASSOCIATION 09/06/2017 NOMURA SECURITIES IN 2,977,620 3,000,000 2,866,630 6,087 6,087 2,872,717 104,903 104,903 44,979 04/24/2026 1 FEDERAL NATIONAL MORTGAGE 3135G0-K6-9 ASSOCIATION 07/03/2017 VARIOUS 14,235,085 14,500,000 14,464,565 14,466,294 3,837 3,837 14,470,131 (235,046) (235,046) 120,330 05/06/2021 1 FEDERAL NATIONAL MORTGAGE

E 3135G0-N3-3 ASSOCIATION 09/06/2017 NON-BROKER TRADE, BO 16,348,530 16,500,000 16,244,580 16,246,935 66,095 66,095 16,313,030 35,500 35,500 158,411 08/02/2019 1

0 FEDERAL NATIONAL MORTGAGE 3135G0-P4-9 ASSOCIATION 07/12/2017 MORGAN STANLEY & CO 3,164,902 3,193,000 3,188,019 3,188,569 868 868 3,189,437 (24,535) (24,535) 27,584 08/28/2019 1 5 FEDERAL NATIONAL MORTGAGE .

3 3135G0-Q2-2 ASSOCIATION 09/06/2017 MORGAN STANLEY & CO 21,105,894 21,725,000 20,325,073 2,708,168 75,551 75,551 20,401,040 704,853 704,853 375,651 09/24/2026 1 FEDERAL NATIONAL MORTGAGE 3135G0-T2-9 ASSOCIATION 09/06/2017 BK OF AMERICA NA 5,033,643 5,025,000 5,021,784 566 566 5,022,350 11,293 11,293 40,409 02/28/2020 1 FEDERAL NATIONAL MORTGAGE 3135G0-ZA-4 ASSOCIATION 07/19/2017 MORGAN STANLEY & CO 2,519,575 2,500,000 2,549,725 2,528,714 (7,330) (7,330) 2,521,385 (1,810) (1,810) 43,099 02/19/2019 1 FEDERAL NATIONAL MORTGAGE 3135G0-ZL-0 ASSOCIATION 09/27/2017 MATURITY 6,500,000 6,500,000 6,521,437 6,513,280 (13,280) (13,280) 6,500,000 65,000 09/27/2017 1 3136A7-L2-6 FANNIE MAE-ACES 09/01/2017 PAYDOWN 736,834 736,834 740,000 738,751 (1,917) (1,917) 736,834 8,343 12/01/2017 1 3136AG-GF-3 FANNIE MAE-ACES 08/01/2017 PAYDOWN 272,278 272,278 275,873 272,408 (130) (130) 272,278 2,587 10/01/2017 1 3136AJ-6Z-4 FANNIE MAE-ACES 09/01/2017 PAYDOWN 14,617 14,617 14,763 14,646 (29) (29) 14,617 199 03/01/2019 1 3136AK-2A-0 FANNIE MAE-ACES 09/01/2017 PAYDOWN 98,052 98,052 98,052 98,052 98,052 1,283 09/01/2019 1 3136AM-KW-8 FANNIE MAE-ACES 09/01/2017 PAYDOWN 675,416 675,416 682,165 676,270 (854) (854) 675,416 7,793 02/01/2018 1 3136AM-MC-0 FANNIE MAE-ACES 09/01/2017 PAYDOWN 2,197,374 2,197,374 2,196,799 2,197,266 108 108 2,197,374 14,444 06/01/2018 1 3136AM-TM-1 FANNIE MAE-ACES 09/01/2017 PAYDOWN 541,882 541,882 541,743 541,849 33 33 541,882 4,373 09/01/2018 1 3136AN-JY-4 FANNIE MAE-ACES 09/01/2017 PAYDOWN 1,378,776 1,378,776 1,392,559 1,381,143 (2,367) (2,367) 1,378,776 15,059 04/01/2018 1 3136AN-MF-1 FANNIE MAE-ACES 09/01/2017 PAYDOWN 148,131 148,131 148,096 148,121 10 10 148,131 928 11/01/2018 1 3136AQ-SW-1 FANNIE MAE-ACES 09/01/2017 PAYDOWN 848,512 848,512 856,997 852,057 (3,546) (3,546) 848,512 11,925 01/01/2019 1 3136AS-PX-8 FANNIE MAE-ACES 09/01/2017 PAYDOWN 1,178,737 1,178,737 1,190,524 1,186,789 (8,051) (8,051) 1,178,737 13,899 06/01/2019 1 3136AS-VZ-6 FANNIE MAE-ACES 09/18/2017 BK OF AMERICA NA 1,470,000 1,500,000 1,514,925 1,513,271 (2,170) (2,170) 1,511,101 (41,101) (41,101) 30,063 05/01/2026 1 3136AT-Z8-0 FANNIE MAE-ACES 09/01/2017 PAYDOWN 11,382 11,382 11,495 11,491 (109) (109) 11,382 159 07/01/2026 1 3136AU-KW-0 FANNIE MAE-ACES 09/01/2017 PAYDOWN 27,196 27,196 27,467 27,461 (265) (265) 27,196 387 09/01/2026 1 3136AU-ZB-0 FANNIE MAE-ACES 09/01/2017 PAYDOWN 21,242 21,242 21,255 21,255 (13) (13) 21,242 355 09/01/2026 1 FANNIE MAE GRANTOR TRUST 3136AV-6R-5 2017-T1 09/01/2017 PAYDOWN 3,350 3,350 3,350 3,350 33 06/01/2027 1 FREDDIE MAC MULTIFAMILY 3137A7-JU-5 STRUCTURED PASS 09/01/2017 PAYDOWN 4,065,435 4,065,435 4,242,818 4,090,774 (25,339) (25,339) 4,065,435 105,709 11/01/2017 1 FREDDIE MAC MULTIFAMILY 3137AB-FV-8 STRUCTURED PASS 09/01/2017 PAYDOWN 54,555 54,555 57,250 54,593 (38) (38) 54,555 1,275 02/01/2018 1 3137AE-3Q-6 FREDDIE MAC REMICS 09/01/2017 PAYDOWN 45,822 45,822 46,717 45,905 (83) (83) 45,822 610 10/01/2018 1 FREDDIE MAC MULTIFAMILY 3137AQ-T2-4 STRUCTURED PASS 09/01/2017 PAYDOWN 10,695 10,695 10,909 10,773 (78) (78) 10,695 152 01/01/2019 1 FREDDIE MAC MULTIFAMILY 3137AV-5S-2 STRUCTURED PASS 09/01/2017 PAYDOWN 216,107 216,107 217,187 216,412 (306) (306) 216,107 1,899 12/01/2018 1 FREDDIE MAC MULTIFAMILY 3137B0-3W-2 STRUCTURED PASS 07/01/2017 PAYDOWN 754,518 754,518 769,594 754,768 (250) (250) 754,518 6,276 08/01/2017 1 FREDDIE MAC MULTIFAMILY 3137B1-AZ-5 STRUCTURED PASS 09/01/2017 PAYDOWN 11,303 11,303 11,450 11,389 (86) (86) 11,303 150 11/01/2019 1 FREDDIE MAC MULTIFAMILY 3137B2-HM-5 STRUCTURED PASS 09/01/2017 PAYDOWN 59,746 59,746 61,219 60,964 (1,218) (1,218) 59,746 956 11/01/2022 1 STATEMENT AS OF SEPTEMBER 30, 2017 OF THE Citizens Property Insurance Corporation SCHEDULE D - PART 4 Show All Long-Term Bonds and Stock Sold, Redeemed or Otherwise Disposed of During the Current Quarter 1 2 3 4 5 6 7 8 9 10 Change in Book/Adjusted Carrying Value 16 17 18 19 20 21 22

11 12 13 14 15 F NAIC o Desig- r Current Year’s Book/ Bond nation e Prior Year Unrealized Other Than Total Foreign Adjusted Foreign Interest/Stock Stated or CUSIP i Number of Book/Adjusted Valuation Current Year’s Temporary Total Change in Exchange Carrying Value Exchange Gain Realized Gain Total Gain Dividends Contractual Market Identi- g Disposal Shares of Carrying Increase/ (Amortization)/ Impairment B./A.C.V. Change in at (Loss) on (Loss) on (Loss) on Received Maturity Indicator fication Description n Date Name of Purchaser Stock Consideration Par Value Actual Cost Value (Decrease) Accretion Recognized (11+12-13) B./A.C.V. Disposal Date Disposal Disposal Disposal During Year Date (a) FREDDIE MAC MULTIFAMILY 3137BL-MY-1 STRUCTURED PASS 09/01/2017 PAYDOWN 15,744 15,744 16,184 16,121 (377) (377) 15,744 260 03/01/2025 1 FREDDIE MAC MULTIFAMILY 3137BM-TX-4 STRUCTURED PASS 09/18/2017 GOLDMAN SACHS & CO 2,075,234 2,000,000 2,113,281 2,092,505 (15,787) (15,787) 2,076,718 (1,484) (1,484) 50,766 11/01/2025 1 FREDDIE MAC MULTIFAMILY 3137BN-N2-6 STRUCTURED PASS 09/01/2017 PAYDOWN 918,662 918,662 929,500 927,543 (8,880) (8,880) 918,662 9,541 07/01/2019 1 FREDDIE MAC MULTIFAMILY 3137BP-VZ-9 STRUCTURED PASS 09/01/2017 PAYDOWN 4,147 4,147 4,229 4,219 (72) (72) 4,147 62 04/01/2025 1 FREDDIE MAC MULTIFAMILY 3137BQ-BY-2 STRUCTURED PASS 09/01/2017 PAYDOWN 4,707 4,707 4,801 4,784 (77) (77) 4,707 68 05/01/2022 1 FREDDIE MAC MULTIFAMILY 3137BT-TZ-4 STRUCTURED PASS 09/01/2017 PAYDOWN 12,399 12,399 12,669 (270) (270) 12,399 304 03/01/2023 1 FEDERAL HOME LOAN 3137EA-DL-0 MORTGAGE CORP 09/29/2017 VARIOUS 15,999,900 16,000,000 16,062,940 16,035,673 (35,335) (35,335) 16,000,338 (438) (438) 158,639 09/29/2017 1 FEDERAL HOME LOAN 3137EA-DX-4 MORTGAGE CORP 09/18/2017 NON-BROKER TRADE, BO 32,993,673 33,000,000 33,090,832 33,062,378 (46,572) (46,572) 33,015,806 (22,133) (22,133) 249,167 12/15/2017 1 FEDERAL HOME LOAN 3137EA-ED-7 MORTGAGE CORP 08/02/2017 NESBITT BURNS SEC IN 2,486,125 2,500,000 2,498,925 2,499,076 303 303 2,499,379 (13,254) (13,254) 19,262 10/12/2018 1 FEDERAL HOME LOAN 3137EA-EH-8 MORTGAGE CORP 09/06/2017 JPM SECURITIES-FIXED 10,001,400 10,000,000 9,985,815 977 977 9,986,792 14,608 14,608 19,861 08/15/2019 1 31381N-WH-2 FANNIE MAE POOL 09/01/2017 PAYDOWN 2,163 2,163 2,269 (106) (106) 2,163 34 09/01/2020 1 31381V-EL-5 FANNIE MAE POOL 09/01/2017 PAYDOWN 10,558 10,558 10,836 10,738 (179) (179) 10,558 190 07/01/2022 1 31381V-JU-0 FANNIE MAE POOL 09/01/2017 PAYDOWN 7,246 7,246 7,579 7,532 (286) (286) 7,246 128 08/01/2022 1 3138EH-JU-7 FANNIE MAE POOL 09/01/2017 PAYDOWN 269,692 269,692 285,578 (15,887) (15,887) 269,692 3,543 11/01/2026 1

E 3138ET-FQ-4 FANNIE MAE POOL 09/01/2017 PAYDOWN 197,472 197,472 203,920 200,853 (3,381) (3,381) 197,472 5,892 12/01/2018 1

0 3138L0-CT-6 FANNIE MAE POOL 09/01/2017 PAYDOWN 7,216 7,216 7,316 7,280 (65) (65) 7,216 94 07/01/2019 1 3138L0-U3-3 FANNIE MAE POOL 09/01/2017 PAYDOWN 5,200 5,200 5,387 5,356 (156) (156) 5,200 89 11/01/2022 1 5 3138L1-LP-2 FANNIE MAE POOL 09/01/2017 PAYDOWN 3,259 3,259 3,387 3,368 (109) (109) 3,259 52 11/01/2022 1 .

4 3138LB-DA-2 FANNIE MAE POOL 09/06/2017 BANC/AMERICA SECUR.L 3,633,438 3,500,000 3,601,445 3,586,591 (12,272) (12,272) 3,574,319 59,119 59,119 82,553 11/01/2025 1 3138LG-G8-3 FANNIE MAE POOL 09/01/2017 PAYDOWN 26,121 26,121 25,403 25,406 715 715 26,121 540 12/01/2031 1 3138LG-K9-6 FANNIE MAE POOL 09/01/2017 PAYDOWN 16,480 16,480 16,581 16,581 (100) (100) 16,480 313 12/01/2026 1 3138LH-NK-6 FANNIE MAE POOL 09/01/2017 PAYDOWN 5,110 5,110 5,292 (182) (182) 5,110 76 03/01/2032 1 3138WK-R8-0 FANNIE MAE POOL 09/01/2017 PAYDOWN 184,327 184,327 190,059 (5,731) (5,731) 184,327 1,375 04/01/2032 1 31392E-SX-9 FANNIE MAE REMICS 08/01/2017 PAYDOWN 6 6 6 6 6 09/01/2017 1 31393Q-QP-0 FREDDIE MAC REMICS 09/01/2017 PAYDOWN 30,089 30,089 31,725 30,207 (118) (118) 30,089 893 05/01/2018 1 31393R-6M-7 FREDDIE MAC REMICS 09/01/2017 PAYDOWN 68,145 68,145 72,191 68,342 (198) (198) 68,145 2,032 05/01/2018 1 FREDDIE MAC MULTIFAMILY 31398E-2H-6 STRUCTURED PASS 09/01/2017 PAYDOWN 796,013 796,013 857,666 802,436 (6,424) (6,424) 796,013 25,205 05/01/2018 1 FREDDIE MAC MULTIFAMILY 31398J-ZR-7 STRUCTURED PASS 09/01/2017 PAYDOWN 59,495 59,495 61,577 60,412 (918) (918) 59,495 1,349 05/01/2019 1 31398P-PL-7 FANNIE MAE REMICS 09/01/2017 PAYDOWN 73,783 73,783 75,673 73,783 73,783 1,223 04/01/2018 1 31398S-3Q-4 FANNIE MAE REMICS 09/01/2017 PAYDOWN 37,036 37,036 37,481 37,036 37,036 369 11/01/2018 1 FREDDIE MAC MULTIFAMILY 31398V-J8-0 STRUCTURED PASS 09/01/2017 PAYDOWN 49,645 49,645 51,631 50,515 (870) (870) 49,645 1,121 07/01/2019 1 31402C-TR-3 FANNIE MAE POOL 09/01/2017 PAYDOWN 778 778 831 778 (1) (1) 778 32 04/01/2018 1 31402D-AU-4 FANNIE MAE POOL 09/01/2017 PAYDOWN 39,634 39,634 42,185 40,133 (499) (499) 39,634 1,460 05/01/2019 1 31410L-UG-5 FANNIE MAE POOL 09/01/2017 PAYDOWN 123,382 123,382 124,365 (983) (983) 123,382 375 06/01/2032 1 31416R-BP-7 FANNIE MAE POOL 09/01/2017 PAYDOWN 65,806 65,806 70,012 66,168 (362) (362) 65,806 1,970 11/01/2018 1 31418A-B9-8 FANNIE MAE POOL 09/01/2017 PAYDOWN 238,516 238,516 241,311 241,251 (2,735) (2,735) 238,516 3,951 01/01/2022 1 31418B-XS-0 FANNIE MAE POOL 09/01/2017 PAYDOWN 138,137 138,137 144,590 142,489 (4,352) (4,352) 138,137 2,746 12/01/2025 1 31418C-M2-7 FANNIE MAE POOL 09/01/2017 PAYDOWN 179,067 179,067 180,326 (1,259) (1,259) 179,067 534 07/01/2032 1 FLORIDA'S TURNPIKE 343136-Q5-9 ENTERPRISE 07/01/2017 MATURITY 1,400,000 1,400,000 1,480,136 1,430,647 (30,647) (30,647) 1,400,000 70,000 07/01/2017 1FE 353186-8M-4 COUNTY OF FRANKLIN OH 07/12/2017 CALL 100 1,000,000 1,000,000 1,084,080 1,065,327 (6,589) (6,589) 1,058,738 (58,738) (58,738) 32,917 11/15/2033 1FE 358266-BV-5 COUNTY OF FRESNO CA 08/15/2017 CALL 100 200,000 200,000 205,100 (1,787) (1,787) 203,313 (3,313) (3,313) 9,316 08/15/2018 1FE 414005-PN-2 COUNTY OF HARRIS TX 08/15/2017 MATURITY 1,515,000 1,515,000 1,515,000 1,515,000 1,515,000 14,766 08/15/2017 1FE HARRIS COUNTY CULTURAL 414009-GS-3 EDUCATION FACILIT 08/02/2017 MESIROW FINANCIAL IN 1,013,400 1,000,000 1,175,720 1,035,091 (22,588) (22,588) 1,012,504 896 896 33,750 12/01/2017 1FE STATE OF HAWAII AIRPORTS 41978C-AQ-8 SYSTEM REVENUE 09/06/2017 PERSHING & COMPANY 1,032,720 1,000,000 1,000,000 1,000,000 32,720 32,720 4,299 07/01/2032 1FE CITY OF HOUSTON TX 442435-5F-6 COMBINED UTILITY SYST 08/17/2017 NATL FINANCIAL SERVI 814,076 775,000 899,442 829,277 (18,420) (18,420) 810,857 3,218 3,218 29,816 11/15/2018 1FE HUDSON YARDS 44420R-AS-9 INFRASTRUCTURE CORP 08/15/2017 BARCLAYS BANK PLC, N 3,013,450 2,500,000 2,992,800 (9,886) (9,886) 2,982,914 30,536 30,536 27,083 02/15/2031 1FE 46246K-TU-6 IOWA FINANCE AUTHORITY 08/01/2017 VARIOUS 7,400,000 7,400,000 7,400,000 7,400,000 2,463 12/01/2030 1FE STATEMENT AS OF SEPTEMBER 30, 2017 OF THE Citizens Property Insurance Corporation SCHEDULE D - PART 4 Show All Long-Term Bonds and Stock Sold, Redeemed or Otherwise Disposed of During the Current Quarter 1 2 3 4 5 6 7 8 9 10 Change in Book/Adjusted Carrying Value 16 17 18 19 20 21 22

11 12 13 14 15 F NAIC o Desig- r Current Year’s Book/ Bond nation e Prior Year Unrealized Other Than Total Foreign Adjusted Foreign Interest/Stock Stated or CUSIP i Number of Book/Adjusted Valuation Current Year’s Temporary Total Change in Exchange Carrying Value Exchange Gain Realized Gain Total Gain Dividends Contractual Market Identi- g Disposal Shares of Carrying Increase/ (Amortization)/ Impairment B./A.C.V. Change in at (Loss) on (Loss) on (Loss) on Received Maturity Indicator fication Description n Date Name of Purchaser Stock Consideration Par Value Actual Cost Value (Decrease) Accretion Recognized (11+12-13) B./A.C.V. Disposal Date Disposal Disposal Disposal During Year Date (a) CITY OF KANSAS CITY MO 484890-KY-3 AIRPORT REVENUE 09/01/2017 MATURITY 1,700,000 1,700,000 1,893,611 1,740,767 (40,767) (40,767) 1,700,000 85,000 09/01/2017 1FE KENTUCKY ASSET LIABILITY 49118N-DZ-5 COMMISSION 09/01/2017 MATURITY 1,000,000 1,000,000 1,090,660 1,027,116 (27,116) (27,116) 1,000,000 50,000 09/01/2017 1FE CITY OF LAKELAND FL 51166F-CN-7 DEPARTMENT OF ELECTR 08/29/2017 CALL 100 3,260,000 3,260,000 3,260,000 3,260,000 3,260,000 36,435 10/01/2017 1FE LEHIGH COUNTY INDUSTRIAL 524808-BU-5 DEVELOPMENT AUT 09/01/2017 CALL 100 2,000,000 2,000,000 2,000,000 2,000,000 2,000,000 18,000 09/01/2029 1FE MUNICIPAL IMPROVEMENT 544587-B9-8 CORP OF LOS ANGELE 09/06/2017 NATL FINANCIAL SERVI 957,980 950,000 950,000 950,000 950,000 7,980 7,980 18,928 11/01/2018 1FE LOUDOUN COUNTY ECONOMIC 545910-AJ-0 DEVELOPMENT AUTH 08/07/2017 VARIOUS 3,850,000 3,850,000 3,850,000 3,850,000 2,943 02/15/2038 1FE 546486-AZ-4 STATE OF LOUISIANA 09/12/2017 JPM SECURITIES-FIXED 2,061,540 2,000,000 2,339,540 2,116,428 (56,052) (56,052) 2,060,376 1,164 1,164 74,722 06/15/2018 1FE LOUISVILLE REGIONAL 546850-BR-8 AIRPORT AUTHORITY 07/01/2017 MATURITY 250,000 250,000 250,000 250,000 250,000 3,283 07/01/2017 1FE MARICOPA COUNTY 566816-HM-9 INDUSTRIAL DEVELOPMENT A 07/01/2017 MATURITY 2,440,000 2,440,000 2,834,768 2,481,143 (41,143) (41,143) 2,440,000 122,000 07/01/2017 1FE MARYLAND COMMUNITY 57419R-JB-2 DEVELOPMENT ADMINISTR 09/01/2017 MATURITY 635,000 635,000 635,000 635,000 635,000 5,715 09/01/2017 1FE MASSACHUSETTS DEVELOPMENT 57583R-UZ-6 FINANCE AGENCY 09/01/2017 CALL 100 100,000 100,000 100,000 100,000 170 09/01/2037 1FE MASSACHUSETTS DEVELOPMENT 57583U-B4-9 FINANCE AGENCY 09/19/2017 US BK/US BK MUNICIPA 3,000,000 3,000,000 3,000,000 3,000,000 2,884 07/01/2048 1FE MASSACHUSETTS HEALTH &

E 57586C-NH-4 EDUCATIONAL FACIL 07/01/2017 CALL 100 100,000 100,000 100,000 100,000 61 07/01/2026 1FE

0 MASSACHUSETTS HEALTH & 57586E-UJ-8 EDUCATIONAL FACIL 08/17/2017 CALL 100 1,300,000 1,300,000 1,300,000 1,300,000 4,300 10/01/2049 1FE 5 MASSACHUSETTS PORT .

5 575896-KE-4 AUTHORITY 07/01/2017 MATURITY 175,000 175,000 208,070 178,420 (3,420) (3,420) 175,000 8,750 07/01/2017 1FE MASSACHUSETTS WATER 576051-KK-1 RESOURCES AUTHORITY 08/14/2017 US BANKCORP INVESTME 1,053,960 1,000,000 1,162,040 1,077,666 (24,998) (24,998) 1,052,668 1,292 1,292 35,278 12/01/2018 1FE METROPOLITAN 59259Y-CA-5 TRANSPORTATION AUTHORITY 09/06/2017 MORGAN STANLEY & CO 6,731,750 5,000,000 6,484,200 (31,442) (31,442) 6,452,758 278,992 278,992 266,467 11/15/2031 1FE METROPOLITAN 59259Y-YV-5 TRANSPORTATION AUTHORITY 07/20/2017 U.S. BANCORP INVESTM 1,620,592 1,600,000 1,883,440 1,654,444 (35,018) (35,018) 1,619,426 1,166 1,166 55,333 11/15/2017 1FE MIAMI-DADE COUNTY 593338-AC-0 EXPRESSWAY AUTHORITY 07/01/2017 MATURITY 400,000 400,000 445,188 408,403 (8,403) (8,403) 400,000 20,000 07/01/2017 1FE MIAMI-DADE COUNTY 59334K-GX-0 EXPRESSWAY AUTHORITY 07/01/2017 MATURITY 600,000 600,000 651,240 612,494 (12,494) (12,494) 600,000 30,000 07/01/2017 1FE COUNTY OF MIAMI-DADE FL 59334P-DK-0 TRANSIT SYSTEM 07/01/2017 MATURITY 475,000 475,000 495,952 482,915 (7,915) (7,915) 475,000 19,000 07/01/2017 1FE COUNTY OF MIAMI-DADE FL 59334P-EE-3 TRANSIT SYSTEM 07/01/2017 MATURITY 500,000 500,000 590,180 509,418 (9,418) (9,418) 500,000 25,000 07/01/2017 1FE MICHIGAN FINANCE 59447P-MN-8 AUTHORITY 07/01/2017 MATURITY 5,000,000 5,000,000 5,444,350 5,107,385 (107,385) (107,385) 5,000,000 250,000 07/01/2017 1FE MICHIGAN FINANCE 59447P-MQ-1 AUTHORITY 08/14/2017 GOLDMAN SACHS & CO 1,885,328 1,750,000 1,990,660 1,927,040 (43,712) (43,712) 1,883,328 1,999 1,999 98,194 07/01/2019 1FE MICHIGAN STATE HOSPITAL 59465H-TV-8 FINANCE AUTHORIT 08/10/2017 MORGAN STANLEY & CO 960,442 960,000 960,000 960,000 960,000 442 442 6,815 11/15/2033 1FE 604146-AF-7 STATE OF MINNESOTA 07/19/2017 NATL FINANCIAL SERVI 4,100,640 4,000,000 4,651,960 4,186,520 (89,084) (89,084) 4,097,436 3,204 3,204 179,444 03/01/2018 1FE MISSISSIPPI BUSINESS 60528A-AT-1 FINANCE CORP 08/29/2017 MORGAN STANLEY & CO 100,000 100,000 100,000 100,000 304 12/01/2030 1FE MISSOURI STATE BOARD OF 606341-DJ-1 PUBLIC BUILDINGS 07/27/2017 MERRILL LYNCH PIERCE 3,526,285 3,500,000 3,823,750 3,607,835 (82,170) (82,170) 3,525,665 620 620 144,375 10/01/2017 1FE MISSOURI STATE 606907-BC-6 ENVIRONMENTAL IMPROVEMENT 07/01/2017 MATURITY 2,440,000 2,440,000 2,450,919 2,442,634 (2,634) (2,634) 2,440,000 25,417 07/01/2017 1FE MOBILE COUNTY INDUSTRIAL 60733P-AB-8 DEVELOPMENT AUT 07/11/2017 WELLS FARGO BK NATL 1,500,000 1,500,000 1,500,000 1,500,000 3,910 07/15/2032 1FE MONMOUTH COUNTY 60956P-MW-9 IMPROVEMENT AUTHORITY 08/10/2017 NATL FINANCIAL SERVI 1,820,326 1,700,000 1,884,093 1,863,573 (34,369) (34,369) 1,829,204 (8,878) (8,878) 47,789 12/01/2019 1FE STATE OF NEVADA HIGHWAY 641480-GU-6 IMPROVEMENT REVE 07/05/2017 BARCLAYS CAPITAL FIX 5,061,700 5,000,000 5,702,050 5,142,216 (80,933) (80,933) 5,061,283 417 417 121,667 12/01/2017 1FE 644804-CG-9 COUNTY OF NEW HANOVER NC 09/28/2017 VARIOUS 1,760,000 1,760,000 1,760,000 1,760,000 2,551 10/01/2038 1FE NEW JERSEY ECONOMIC 645918-ZX-4 DEVELOPMENT AUTHORIT 09/01/2017 MATURITY 1,470,000 1,470,000 1,721,297 1,509,126 (39,126) (39,126) 1,470,000 73,500 09/01/2017 2FE NEW YORK CITY HEALTH & 649674-JD-1 HOSPITAL CORP 07/17/2017 GOLDMAN SACHS & CO 3,582,250 3,500,000 4,021,130 3,643,282 (68,965) (68,965) 3,574,317 7,933 7,933 161,389 02/15/2018 1FE STATEMENT AS OF SEPTEMBER 30, 2017 OF THE Citizens Property Insurance Corporation SCHEDULE D - PART 4 Show All Long-Term Bonds and Stock Sold, Redeemed or Otherwise Disposed of During the Current Quarter 1 2 3 4 5 6 7 8 9 10 Change in Book/Adjusted Carrying Value 16 17 18 19 20 21 22

11 12 13 14 15 F NAIC o Desig- r Current Year’s Book/ Bond nation e Prior Year Unrealized Other Than Total Foreign Adjusted Foreign Interest/Stock Stated or CUSIP i Number of Book/Adjusted Valuation Current Year’s Temporary Total Change in Exchange Carrying Value Exchange Gain Realized Gain Total Gain Dividends Contractual Market Identi- g Disposal Shares of Carrying Increase/ (Amortization)/ Impairment B./A.C.V. Change in at (Loss) on (Loss) on (Loss) on Received Maturity Indicator fication Description n Date Name of Purchaser Stock Consideration Par Value Actual Cost Value (Decrease) Accretion Recognized (11+12-13) B./A.C.V. Disposal Date Disposal Disposal Disposal During Year Date (a) NEW YORK CITY WATER & 64972F-6R-2 SEWER SYSTEM 09/15/2017 US BANKCORP INVESTME 200,000 200,000 200,000 200,000 128 06/15/2045 1FE NEW YORK CITY WATER & 64972G-EN-0 SEWER SYSTEM 08/09/2017 WELLS FARGO BK NATL 1,000,000 1,000,000 1,000,000 1,000,000 1,000,000 4,367 06/15/2050 1FE NEW YORK STATE DORMITORY 64990A-DJ-1 AUTHORITY 08/10/2017 VARIOUS 4,620,950 4,500,000 4,981,230 4,721,372 (102,066) (102,066) 4,619,305 1,645 1,645 192,500 03/15/2018 1FE NEW YORK STATE THRUWAY 650014-WU-3 AUTHORITY HIGHWAY 09/12/2017 MESIROW FINANCIAL IN 404,441 395,000 427,059 414,834 (11,108) (11,108) 403,726 714 714 19,758 04/01/2018 1FE NEW YORK STATE THRUWAY 650014-WZ-2 AUTHORITY HIGHWAY 08/10/2017 NATL FINANCIAL SERVI 3,553,364 3,455,000 3,735,414 3,628,483 (85,391) (85,391) 3,543,092 10,271 10,271 157,706 04/01/2018 1FE NORTH BROWARD HOSPITAL 657883-CN-2 DISTRICT 09/12/2017 VARIOUS 12,790,000 12,790,000 12,790,000 12,790,000 13,188 01/15/2027 1FE NORTH CAROLINA EASTERN 65819W-AB-9 MUNICIPAL POWER A 07/01/2017 MATURITY 595,000 595,000 595,000 595,000 595,000 9,288 07/01/2017 1FE ORLANDO-ORANGE COUNTY 686543-TK-5 EXPRESSWAY AUTHORI 07/01/2017 MATURITY 1,000,000 1,000,000 1,174,530 1,019,440 (19,440) (19,440) 1,000,000 50,000 07/01/2017 1FE ORLANDO-ORANGE COUNTY 686543-UE-7 EXPRESSWAY AUTHORI 07/01/2017 MATURITY 1,800,000 1,800,000 2,098,584 1,833,996 (33,996) (33,996) 1,800,000 90,000 07/01/2017 1FE PENNSYLVANIA ECONOMIC 70869V-AE-4 DEVELOPMENT FINANC 07/28/2017 MERRILL LYNCH PIERCE 2,076,100 2,000,000 2,201,600 2,120,241 (46,425) (46,425) 2,073,816 2,284 2,284 108,333 07/01/2018 1FE PENNSYLVANIA ECONOMIC 70869V-AV-6 DEVELOPMENT FINANC 09/13/2017 PERSHING & COMPANY 6,494,083 6,045,000 6,792,102 6,661,121 (172,833) (172,833) 6,488,288 5,795 5,795 364,379 07/01/2020 1FE PENNSYLVANIA STATE 709235-XJ-9 UNIVERSITY 08/14/2017 OPPENHEIMER AND CO I 2,707,975 2,500,000 2,818,300 2,764,761 (60,712) (60,712) 2,704,049 3,926 3,926 119,444 09/01/2019 1FE

E CITY OF PHILADELPHIA PA

0 717893-YW-5 WATER & WASTEWAT 07/01/2017 MATURITY 650,000 650,000 742,411 663,593 (13,593) (13,593) 650,000 32,500 07/01/2017 1FE CITY OF PORTLAND OR SEWER 5 736742-WJ-2 SYSTEM REVENUE 09/11/2017 GOLDMAN SACHS & CO 2,675,950 2,500,000 2,856,225 2,730,324 (66,049) (66,049) 2,664,275 11,675 11,675 97,917 06/01/2019 1FE .

6 PRINCE WILLIAM COUNTY 741758-JH-0 INDUSTRIAL DEVELOP 09/06/2017 NON-BROKER TRADE, BO 1,345,559 1,275,000 1,273,406 62 62 1,273,468 72,091 72,091 27,529 10/01/2028 1FE PRINCE WILLIAM COUNTY 741758-JJ-6 INDUSTRIAL DEVELOP 09/06/2017 PERSHING & COMPANY 1,408,590 1,330,000 1,328,338 58 58 1,328,395 80,194 80,194 29,466 10/01/2029 1FE PRINCE WILLIAM COUNTY 741758-JK-3 INDUSTRIAL DEVELOP 09/06/2017 NON-BROKER TRADE, BO 1,471,743 1,385,000 1,383,269 54 54 1,383,323 88,420 88,420 31,466 10/01/2030 1FE PRINCE WILLIAM COUNTY 741758-JL-1 INDUSTRIAL DEVELOP 09/06/2017 PERSHING & COMPANY 1,534,939 1,440,000 1,438,200 51 51 1,438,251 96,688 96,688 33,527 10/01/2031 1FE 74442P-DZ-5 PUBLIC FINANCE AUTHORITY 09/06/2017 STIFEL NICHOLAUS & C 1,557,195 1,500,000 1,500,000 1,500,000 57,195 57,195 5,706 07/01/2029 1FE REGIONAL TRANSPORTATION 759911-2M-1 AUTHORITY 09/15/2017 NON-BROKER TRADE, BO 1,747,918 1,750,000 1,743,543 1,745,568 2,356 2,356 1,747,924 (7) (7) 21,146 05/04/2018 1FE RESIDUAL FUNDING CORP 76116F-AA-5 PRINCIPAL STRIP 09/18/2017 WELLS FARGO SECS LLC 1,258,595 1,300,000 1,184,885 1,234,960 16,756 16,756 1,251,716 6,879 6,879 10/15/2019 1 ROYAL OAK HOSPITAL 780486-GG-5 FINANCE AUTHORITY 09/01/2017 MATURITY 1,635,000 1,635,000 1,841,631 1,677,068 (42,068) (42,068) 1,635,000 81,750 09/01/2017 1FE COUNTY OF SAN BERNARDINO 796839-BP-2 CA 08/01/2017 CALL 100 5,000 5,000 5,472 (7) (7) 5,465 (465) (465) 151 08/01/2023 1FE SAN DIEGO COUNTY REGIONAL 79739G-DF-0 AIRPORT AUTHOR 07/01/2017 MATURITY 200,000 200,000 213,780 203,355 (3,355) (3,355) 200,000 8,000 07/01/2017 1FE SAN FRANCISCO STATE 79772L-DL-4 BUILDING AUTHORITY 07/12/2017 MORGAN STANLEY & CO 1,090,990 1,000,000 1,144,860 1,105,795 (18,932) (18,932) 1,086,863 4,127 4,127 30,833 12/01/2019 1FE SANTA CLARA COUNTY 801577-HF-7 FINANCING AUTHORITY 07/06/2017 STATE STREET BANK & 2,350,000 2,350,000 2,350,000 2,350,000 1,394 05/15/2035 1FE SOUTH DAKOTA BOARD OF 837542-CX-5 REGENTS 07/12/2017 MERRILL LYNCH PIERCE 1,950,334 1,895,000 2,174,721 1,986,078 (38,463) (38,463) 1,947,616 2,718 2,718 74,221 04/01/2018 1FE TERREBONNE LEVEE & 881182-AD-1 CONSERVATION DISTRICT 07/01/2017 MATURITY 250,000 250,000 275,005 253,263 (3,263) (3,263) 250,000 10,000 07/01/2017 1FE 882806-FV-9 TEXAS TECH UNIVERSITY 09/06/2017 RBC CAPITAL MARKETS 1,053,160 1,000,000 1,000,000 1,000,000 53,160 53,160 20,199 02/15/2030 1FE 882806-FW-7 TEXAS TECH UNIVERSITY 09/06/2017 VARIOUS 3,168,780 3,000,000 3,000,000 3,000,000 168,780 168,780 62,230 02/15/2031 1FE 898785-NV-8 CITY OF TUCSON AZ 07/01/2017 MATURITY 2,250,000 2,250,000 2,434,028 2,295,462 (45,462) (45,462) 2,250,000 112,500 07/01/2017 1FE REGENTS OF THE UNIVERSITY 913366-EQ-9 OF CALIFORNIA 09/06/2017 VARIOUS 5,635,109 4,355,000 5,447,974 (25,012) (25,012) 5,422,962 212,146 212,146 226,776 05/15/2031 1FE UNIVERSITY OF MASSACHUSETTS BUILDING 914440-LF-7 AUT 09/06/2017 STIFEL NICHOLAUS & C 1,183,040 1,000,000 1,132,190 (3,978) (3,978) 1,128,212 54,828 54,828 42,213 11/01/2028 1FE UNIVERSITY OF NEBRASKA 914639-FG-9 FACILITIES CORP 09/18/2017 MERRILL LYNCH PIERCE 2,026,040 2,000,000 2,208,360 2,061,926 (39,345) (39,345) 2,022,582 3,458 3,458 87,333 02/15/2018 1FE UTAH ASSOCIATED MUNICIPAL 917328-PY-6 POWER SYSTEMS 09/01/2017 MATURITY 400,000 400,000 467,016 409,195 (9,195) (9,195) 400,000 20,000 09/01/2017 1FE STATEMENT AS OF SEPTEMBER 30, 2017 OF THE Citizens Property Insurance Corporation SCHEDULE D - PART 4 Show All Long-Term Bonds and Stock Sold, Redeemed or Otherwise Disposed of During the Current Quarter 1 2 3 4 5 6 7 8 9 10 Change in Book/Adjusted Carrying Value 16 17 18 19 20 21 22

11 12 13 14 15 F NAIC o Desig- r Current Year’s Book/ Bond nation e Prior Year Unrealized Other Than Total Foreign Adjusted Foreign Interest/Stock Stated or CUSIP i Number of Book/Adjusted Valuation Current Year’s Temporary Total Change in Exchange Carrying Value Exchange Gain Realized Gain Total Gain Dividends Contractual Market Identi- g Disposal Shares of Carrying Increase/ (Amortization)/ Impairment B./A.C.V. Change in at (Loss) on (Loss) on (Loss) on Received Maturity Indicator fication Description n Date Name of Purchaser Stock Consideration Par Value Actual Cost Value (Decrease) Accretion Recognized (11+12-13) B./A.C.V. Disposal Date Disposal Disposal Disposal During Year Date (a) VIRGINIA COLLEGE BUILDING 92778W-AD-8 AUTHORITY 07/12/2017 NATL FINANCIAL SERVI 2,090,860 2,000,000 2,297,520 2,131,615 (41,487) (41,487) 2,090,129 731 731 86,667 09/01/2018 1FE STATE OF WISCONSIN CLEAN 977092-UH-6 WATER FUND LEVE 09/12/2017 JEFFERIES & COMPANY, 1,029,840 1,000,000 1,165,710 1,049,638 (24,504) (24,504) 1,025,134 4,706 4,706 39,306 06/01/2018 1FE 3199999 - Bonds - U.S. Special Revenue and Special Assessment and all Non-Guaranteed Obligations of Agencies and Authorities of Governments and Their Political Subdivisions 443,734,375 437,663,727 451,112,218 313,984,077 (2,193,954) (2,193,954) 441,853,597 1,880,779 1,880,779 7,638,668 XXX XXX Bonds - Industrial and Miscellaneous (Unaffiliated) ISSUER ENTITY LLC SEC LIQ 000000-00-0 NT 09/28/2017 CALL 100 195,417 195,417 79,215 57,602 57,602 137,815 137,815 492 12/31/2049 6* 00206R-AR-3 AT&T INC 07/27/2017 TORONTO DOMINION SEC 2,120,560 2,000,000 2,208,720 2,150,994 (40,832) (40,832) 2,110,162 10,398 10,398 111,489 02/15/2019 2FE 00206R-CC-4 AT&T INC 07/28/2017 VARIOUS 1,863,968 1,850,000 1,883,624 1,879,187 (7,658) (7,658) 1,871,529 (7,562) (7,562) 37,940 03/11/2019 2FE 00206R-CM-2 AT&T INC 08/24/2017 GOLDMAN SACHS & CO 1,515,405 1,500,000 1,476,660 1,479,844 2,233 2,233 1,482,077 33,328 33,328 29,875 06/30/2022 2FE 00206R-CN-0 AT&T INC 09/18/2017 BANC/AMERICA SECUR.L 257,249 259,000 262,913 262,644 (286) (286) 262,358 (5,109) (5,109) 7,461 05/15/2025 2FE 00206R-CR-1 AT&T INC 09/06/2017 JPM SECURITIES-FIXED 1,014,840 1,000,000 998,230 998,527 234 234 998,761 16,079 16,079 29,633 02/17/2021 2FE 00206R-CS-9 AT&T INC 09/18/2017 GOLDMAN SACHS & CO 210,986 205,000 204,854 12 12 204,866 6,120 6,120 4,367 02/17/2023 2FE 00206R-CT-7 AT&T INC 09/18/2017 CITIGROUP GLOBAL MKT 66,220 64,000 67,007 66,804 (196) (196) 66,608 (387) (387) 2,882 02/17/2026 2FE 00206R-DP-4 AT&T INC 09/06/2017 PERSHING & COMPANY 259,743 250,000 249,840 11 11 249,851 9,891 9,891 5,489 03/01/2024 2FE 00206R-EM-0 AT&T INC 09/06/2017 RBC CAPITAL MARKETS 4,037,320 4,000,000 3,993,080 50 50 3,993,130 44,190 44,190 13,433 08/14/2027 2FE 00287Y-AQ-2 ABBVIE INC 09/06/2017 MORGAN STANLEY & CO 1,036,530 1,000,000 987,080 987,174 907 907 988,082 48,448 48,448 29,400 05/14/2025 2FE 00724F-AB-7 ADOBE SYSTEMS INC 08/31/2017 MORGAN STANLEY & CO 3,214,710 3,000,000 3,295,440 3,249,606 (53,925) (53,925) 3,195,681 19,029 19,029 156,354 02/01/2020 1FE 00912X-AW-4 AIR LEASE CORP 09/12/2017 MERRILL LYNCH PIERCE 999,340 1,000,000 995,530 213 213 995,743 3,597 3,597 6,708 07/01/2022 2FE 020002-BD-2 ALLSTATE CORP/THE 09/06/2017 WELLS FARGO SECS LLC 3,855,150 3,750,000 3,744,900 3,744,929 299 299 3,745,228 109,922 109,922 92,250 12/15/2026 1FE

E ALLY AUTO RECEIVABLES 02007X-AC-0 TRUST 2016-2 09/15/2017 PAYDOWN 73,358 73,358 73,243 73,244 114 114 73,358 743 05/15/2020 1FE 0 02209S-AL-7 ALTRIA GROUP INC 09/18/2017 PERSHING & COMPANY 761,043 699,000 783,320 780,247 (12,959) (12,959) 767,288 (6,245) (6,245) 29,052 05/05/2021 1FE 5 02209S-AN-3 ALTRIA GROUP INC 09/06/2017 BNP PARIBAS SEC CORP 4,103,440 4,000,000 3,896,240 3,910,928 10,067 10,067 3,920,996 182,444 182,444 123,183 08/09/2022 1FE .

7 025816-BM-0 AMERICAN EXPRESS CO 09/19/2017 U.S. BANCORP INVESTM 1,000,530 1,000,000 999,210 21 21 999,231 1,299 1,299 3,472 08/01/2022 1FE AMERICAN EXPRESS CREDIT 0258M0-DJ-5 CORP 09/06/2017 VARIOUS 4,269,830 4,250,000 4,296,845 4,267,660 (7,554) (7,554) 4,260,106 9,724 9,724 99,934 07/27/2018 1FE AMERICAN EXPRESS CREDIT 0258M0-DL-0 CORP 08/24/2017 DAIWA CAP MKTS AMERI 1,257,775 1,250,000 1,252,825 1,251,435 (422) (422) 1,251,013 6,762 6,762 14,734 03/18/2019 1FE AMERICAN EXPRESS CREDIT 0258M0-EC-9 CORP 07/13/2017 JP MORGAN CHASE BANK 3,108,138 3,122,000 3,118,285 3,118,493 658 658 3,119,151 (11,012) (11,012) 37,889 10/30/2019 1FE AMERICAN EXPRESS CREDIT 0258M0-EG-0 CORP 09/07/2017 CITIGROUP GLOBAL MKT 1,531,980 1,500,000 1,496,655 328 328 1,496,983 34,997 34,997 21,150 03/03/2022 1FE AMERICAN EXPRESS CREDIT 0258M0-EL-9 CORP 09/06/2017 VARIOUS 5,373,173 5,250,000 5,185,635 1,894 1,894 5,187,529 185,643 185,643 60,156 05/03/2027 1FE AMERICAN HONDA FINANCE 02665W-AQ-4 CORP 07/26/2017 VARIOUS 1,350,416 1,350,000 1,348,745 1,349,599 240 240 1,349,839 577 577 13,098 12/11/2017 1FE AMERICAN HONDA FINANCE 02665W-AR-2 CORP 09/05/2017 NON-BROKER TRADE, BO 1,000,706 1,000,000 1,000,000 1,000,000 1,000,000 706 706 10,523 12/11/2017 1FE AMERICAN HONDA FINANCE 02665W-AY-7 CORP 09/20/2017 VARIOUS 4,100,246 4,100,000 4,100,000 4,100,000 4,100,000 246 246 48,744 09/20/2017 1FE AMERICAN HONDA FINANCE 02665W-AZ-4 CORP 09/06/2017 MERRILL LYNCH PROFES 2,544,500 2,500,000 2,498,375 2,498,770 217 217 2,498,987 45,513 45,513 58,528 09/24/2020 1FE AMERICAN HONDA FINANCE 02665W-BP-5 CORP 09/06/2017 JPM SECURITIES-FIXED 5,132,950 5,000,000 4,968,650 2,287 2,287 4,970,937 162,013 162,013 81,361 02/16/2024 1FE AMERICAN HONDA FINANCE 02665W-BT-7 CORP 09/15/2017 NON-BROKER TRADE, BO 3,899,649 3,900,000 3,896,061 212 212 3,896,273 3,376 3,376 12,464 07/20/2020 1FE AMERICAN INTERNATIONAL 026874-CY-1 GROUP INC 08/30/2017 VARIOUS 6,742,455 6,300,000 6,508,549 4,427,159 (14,152) (14,152) 6,478,667 263,788 263,788 231,688 02/15/2024 2FE AMERICAN INTERNATIONAL 026874-DD-6 GROUP INC 09/07/2017 GOLDMAN SACHS & CO 2,075,160 2,000,000 2,071,620 (296) (296) 2,071,324 3,836 3,836 12,708 07/10/2025 2FE ANHEUSER-BUSCH INBEV 03523T-BN-7 WORLDWIDE INC 07/15/2017 MATURITY 1,750,000 1,750,000 1,746,395 1,748,684 1,316 1,316 1,750,000 24,063 07/15/2017 1FE ANHEUSER-BUSCH INBEV 035242-AF-3 FINANCE INC 05/10/2017 WELLS FARGO SECS LLC 62 02/01/2019 1FE ANHEUSER-BUSCH INBEV 035242-AJ-5 FINANCE INC 09/06/2017 VARIOUS 2,441,613 2,390,000 2,382,519 2,383,837 989 989 2,384,827 56,787 56,787 69,779 02/01/2021 1FE ANHEUSER-BUSCH INBEV 035242-AL-0 FINANCE INC 09/18/2017 CALYON SECS USA INC 518,690 500,000 509,400 508,322 (937) (937) 507,385 11,305 11,305 18,746 02/01/2023 1FE ANHEUSER-BUSCH INBEV 035242-AP-1 FINANCE INC 09/06/2017 ABN AMRO SECURITIES 2,606,950 2,500,000 2,495,825 2,496,154 249 249 2,496,402 110,548 110,548 100,628 02/01/2026 1FE ANHEUSER-BUSCH INBEV 03524B-AE-6 FINANCE INC 09/18/2017 WELLS FARGO SECS LLC 383,856 364,000 394,827 393,192 (2,743) (2,743) 390,449 (6,593) (6,593) 15,301 02/01/2024 1FE 037833-AG-5 APPLE INC 09/15/2017 VARIOUS 4,056,560 4,050,000 4,064,560 4,056,590 (3,407) (3,407) 4,053,183 3,377 3,377 46,109 05/03/2018 1FE STATEMENT AS OF SEPTEMBER 30, 2017 OF THE Citizens Property Insurance Corporation SCHEDULE D - PART 4 Show All Long-Term Bonds and Stock Sold, Redeemed or Otherwise Disposed of During the Current Quarter 1 2 3 4 5 6 7 8 9 10 Change in Book/Adjusted Carrying Value 16 17 18 19 20 21 22

11 12 13 14 15 F NAIC o Desig- r Current Year’s Book/ Bond nation e Prior Year Unrealized Other Than Total Foreign Adjusted Foreign Interest/Stock Stated or CUSIP i Number of Book/Adjusted Valuation Current Year’s Temporary Total Change in Exchange Carrying Value Exchange Gain Realized Gain Total Gain Dividends Contractual Market Identi- g Disposal Shares of Carrying Increase/ (Amortization)/ Impairment B./A.C.V. Change in at (Loss) on (Loss) on (Loss) on Received Maturity Indicator fication Description n Date Name of Purchaser Stock Consideration Par Value Actual Cost Value (Decrease) Accretion Recognized (11+12-13) B./A.C.V. Disposal Date Disposal Disposal Disposal During Year Date (a) 037833-BE-9 APPLE INC 09/28/2017 BK OF NY/MIZUHO SECU 1,005,640 1,000,000 1,000,000 1,000,000 1,000,000 5,640 5,640 12,391 05/06/2020 1FE 037833-BN-9 APPLE INC 09/06/2017 NON-BROKER TRADE, BO 694,597 695,000 694,701 694,828 103 103 694,931 (334) (334) 9,411 02/23/2018 1FE 037833-BS-8 APPLE INC 09/06/2017 WELLS FARGO SECS LLC 1,012,540 1,000,000 999,290 999,406 95 95 999,501 13,039 13,039 23,438 02/23/2021 1FE 037833-CB-4 APPLE INC 08/28/2017 WELLS FARGO SECS LLC 496,320 500,000 499,500 499,567 110 110 499,677 (3,357) (3,357) 5,913 08/02/2019 1FE 037833-CG-3 APPLE INC 09/06/2017 U.S. BANCORP INVESTM 734,799 714,000 713,686 24 24 713,710 21,089 21,089 12,436 02/09/2024 1FE 037833-CJ-7 APPLE INC 09/06/2017 CORTVIEW CAPITAL LLC 3,112,950 3,000,000 3,000,000 3,000,000 112,950 112,950 58,346 02/09/2027 1FE 037833-CK-4 APPLE INC 09/18/2017 NON-BROKER TRADE, BO 2,507,955 2,500,000 2,498,775 245 245 2,499,020 8,935 8,935 29,028 02/07/2020 1FE 037833-CS-7 APPLE INC 09/15/2017 NON-BROKER TRADE, BO 3,002,610 3,000,000 2,997,180 327 327 2,997,507 5,103 5,103 19,200 05/11/2020 1FE 037833-CT-5 APPLE INC 09/18/2017 NON-BROKER TRADE, BO 1,798,412 1,800,000 1,800,000 1,800,000 (1,588) (1,588) 8,449 05/11/2020 1FE 037833-CZ-1 APPLE INC 09/08/2017 GOLDMAN SACHS & CO 1,409,803 1,410,000 1,408,787 2 2 1,408,789 1,014 1,014 59 09/12/2019 1FE 03939C-AA-1 ARCH CAPITAL FINANCE LLC 08/28/2017 JEFFERIES & COMPANY, 591,764 565,000 565,000 565,000 565,000 26,764 26,764 16,493 12/15/2026 2FE AUTOMATIC DATA PROCESSING 053015-AD-5 INC 09/06/2017 VARIOUS 11,297,025 11,150,000 11,166,264 11,162,567 (2,462) (2,462) 11,160,105 136,920 136,920 229,466 09/15/2020 1FE 053332-AV-4 AUTOZONE INC 09/06/2017 VARIOUS 3,577,875 3,500,000 3,499,825 6 6 3,499,831 78,044 78,044 51,042 06/01/2027 2FE 05531F-AL-7 BB&T CORP 07/14/2017 CALL 100 2,010,000 2,010,000 2,024,874 2,012,974 (2,974) (2,974) 2,010,000 29,391 08/15/2017 1FE 05531F-AS-2 BB&T CORP 09/18/2017 U.S. BANCORP INVESTM 3,036,990 3,000,000 3,026,520 3,020,886 (4,970) (4,970) 3,015,915 21,075 21,075 86,771 01/15/2020 1FE 05531F-AV-5 BB&T CORP 08/29/2017 WELLS FARGO SECS LLC 7,006,510 7,000,000 6,992,720 6,993,616 940 940 6,994,556 11,954 11,954 115,996 05/10/2021 1FE 060505-DH-4 BANK OF AMERICA CORP 07/21/2017 BANC/AMERICA SECUR.L 3,012,840 3,000,000 3,237,180 3,081,397 (69,024) (69,024) 3,012,372 468 468 162,500 09/01/2017 2FE 06050T-LY-6 BANK OF AMERICA NA 09/18/2017 VARIOUS 2,001,350 2,000,000 2,000,550 500,067 (254) (254) 2,000,203 1,147 1,147 32,381 03/26/2018 1FE 06050T-MC-3 BANK OF AMERICA NA 09/06/2017 GOLDMAN SACHS & CO 3,003,630 3,000,000 2,997,390 2,998,742 601 601 2,999,343 4,287 4,287 39,813 06/05/2018 1FE 06051G-ET-2 BANK OF AMERICA CORP 09/06/2017 NON-BROKER TRADE, BO 1,001,540 1,000,000 1,002,880 1,002,843 (1,898) (1,898) 1,000,944 596 596 23,167 01/11/2018 2FE 06051G-FF-1 BANK OF AMERICA CORP 09/18/2017 U.S. BANCORP INVESTM 576,771 544,000 566,217 565,965 (1,946) (1,946) 564,020 12,751 12,751 21,095 04/01/2024 2FE 06051G-FT-1 BANK OF AMERICA CORP 07/14/2017 WELLS FARGO SECS LLC 2,781,845 2,750,000 2,770,193 2,769,504 (2,706) (2,706) 2,766,798 15,047 15,047 54,141 10/19/2020 2FE 06051G-FW-4 BANK OF AMERICA CORP 07/18/2017 WELLS FARGO SECS LLC 1,008,490 1,000,000 998,920 998,933 130 130 999,063 9,427 9,427 19,833 04/19/2021 2FE

E 06051G-GB-9 BANK OF AMERICA CORP 07/18/2017 WELLS FARGO SECS LLC 2,156,708 2,150,000 2,150,000 2,150,000 2,150,000 6,708 6,708 32,373 11/09/2020 2FE

0 BANK OF NEW YORK MELLON 06406H-CU-1 CORP/THE 09/06/2017 HSBC SECURITIES INC. 7,257,240 7,200,000 7,206,332 7,206,241 (1,890) (1,890) 7,204,352 52,888 52,888 128,920 05/15/2019 1FE 5 BANK OF NEW YORK MELLON .

8 06406H-DB-2 CORP/THE 09/06/2017 BARCLAYS CAPITAL FIX 5,003,400 5,000,000 4,999,550 4,999,788 106 106 4,999,893 3,507 3,507 64,222 05/22/2018 1FE BANK OF NEW YORK MELLON 06406H-DC-0 CORP/THE 09/06/2017 BK OF NY/MIZUHO SECU 1,202,903 1,200,000 1,199,640 1,199,831 84 84 1,199,915 2,988 2,988 14,106 05/22/2018 1FE 07330N-AD-7 BRANCH BANKING & TRUST CO 09/27/2017 NON-BROKER TRADE, BO 1,005,580 1,000,000 1,009,970 1,009,891 (4,274) (4,274) 1,005,617 (37) (37) 21,978 10/15/2018 1FE 07330N-AK-1 BRANCH BANKING & TRUST CO 07/26/2017 J.P. MORGAN SECURITI 499,880 500,000 499,690 499,925 58 58 499,983 (103) (103) 5,625 10/01/2017 1FE 07330N-AP-0 BRANCH BANKING & TRUST CO 09/15/2017 NON-BROKER TRADE, BO 5,016,535 5,000,000 5,000,000 5,000,000 16,535 16,535 52,569 01/15/2020 1FE BERKSHIRE HATHAWAY 084664-CE-9 FINANCE CORP 09/07/2017 VARIOUS 2,455,634 2,455,000 2,454,043 2,454,426 334 334 2,454,760 874 874 35,938 03/07/2018 1FE BERKSHIRE HATHAWAY 084664-CH-2 FINANCE CORP 08/15/2017 TORONTO DOMINION SEC 100,926 100,000 100,000 100,000 100,000 926 926 1,212 03/15/2019 1FE 084670-BQ-0 BERKSHIRE HATHAWAY INC 09/06/2017 BANC/AMERICA SECUR.L 1,516,560 1,500,000 1,496,820 1,497,305 421 421 1,497,725 18,835 18,835 32,358 03/15/2021 1FE 084670-BR-8 BERKSHIRE HATHAWAY INC 09/06/2017 DEUTSCHE BANC/ALEX B 2,814,268 2,750,000 2,788,213 2,784,369 (3,651) (3,651) 2,780,718 33,549 33,549 74,155 03/15/2023 1FE 084670-BS-6 BERKSHIRE HATHAWAY INC 09/18/2017 U.S. BANCORP INVESTM 146,488 144,000 151,966 151,626 (549) (549) 151,076 (4,588) (4,588) 4,563 03/15/2026 1FE 097023-BE-4 BOEING CO/THE 07/06/2017 MORGAN STANLEY & CO 2,740,018 2,750,000 2,719,723 2,741,581 3,211 3,211 2,744,792 (4,775) (4,775) 17,126 05/15/2018 1FE 097023-BM-6 BOEING CO/THE 09/06/2017 MORGAN STANLEY & CO 1,019,245 1,020,000 1,007,648 1,010,448 1,652 1,652 1,012,100 7,145 7,145 14,352 10/30/2020 1FE 097023-BN-4 BOEING CO/THE 09/06/2017 PERSHING & COMPANY 1,204,056 1,200,000 1,181,940 1,184,764 1,681 1,681 1,186,446 17,610 17,610 22,587 10/30/2022 1FE 10112R-AQ-7 BOSTON PROPERTIES LP 09/18/2017 MORGAN STANLEY & CO 375,298 350,000 379,141 (6,368) (6,368) 372,773 2,525 2,525 19,135 10/15/2019 2FE 10112R-AW-4 BOSTON PROPERTIES LP 09/18/2017 WELLS FARGO SECS LLC 125,043 119,000 121,025 121,007 (190) (190) 120,817 4,226 4,226 5,137 02/01/2024 2FE 10112R-AY-0 BOSTON PROPERTIES LP 09/18/2017 GOLDMAN SACHS & CO 63,854 67,000 61,596 61,629 333 333 61,962 1,891 1,891 2,011 10/01/2026 2FE 115637-AN-0 BROWN-FORMAN CORP 07/06/2017 BK OF NY/MIZUHO SECU 3,692,896 3,700,000 3,687,753 3,697,450 1,291 1,291 3,698,741 (5,845) (5,845) 36,589 01/15/2018 1FE BURLINGTON NORTHERN SANTA 12189L-BA-8 FE LLC 09/06/2017 WELLS FARGO SECS LLC 3,650,535 3,500,000 3,491,145 367 367 3,491,512 159,023 159,023 56,559 06/15/2027 1FE 12503M-AB-4 CBOE HOLDINGS INC 09/15/2017 NON-BROKER TRADE, BO 1,660,183 1,660,000 1,658,838 128 128 1,658,966 1,216 1,216 7,193 06/28/2019 2FE 125896-BS-8 CMS ENERGY CORP 09/06/2017 DEUTSCHE BANC/ALEX B 2,049,780 2,000,000 1,997,020 136 136 1,997,156 52,624 52,624 39,292 08/15/2027 2FE 126117-AU-4 CNA FINANCIAL CORP 09/06/2017 CITIGROUP GLOBAL MKT 1,297,257 1,300,000 1,297,049 20 20 1,297,069 188 188 3,488 08/15/2027 2FE 126408-HD-8 CSX CORP 08/24/2017 BARCLAYS CAPITAL INC 10,256,000 10,000,000 10,632,400 10,604,865 (41,823) (41,823) 10,563,042 (307,042) (307,042) 277,306 11/01/2025 2FE 126408-HH-9 CSX CORP 09/12/2017 VARIOUS 2,016,740 2,000,000 1,997,560 62 62 1,997,622 19,118 19,118 19,590 06/01/2027 2FE 126650-BW-9 CVS HEALTH CORP 08/23/2017 PERSHING & COMPANY 2,123,460 2,000,000 2,202,640 2,141,281 (21,570) (21,570) 2,119,711 3,749 3,749 64,854 05/15/2021 2FE 126650-CF-5 CVS HEALTH CORP 09/06/2017 CITIGROUP GLOBAL MKT 3,098,880 3,000,000 3,072,345 1,561,495 (6,021) (6,021) 3,065,194 33,686 33,686 108,563 08/12/2024 2FE 126650-CT-5 CVS HEALTH CORP 09/06/2017 PERSHING & COMPANY 997,990 1,000,000 997,210 997,530 368 368 997,898 92 92 16,351 06/01/2021 2FE 126650-CU-2 CVS HEALTH CORP 09/06/2017 VARIOUS 3,914,400 4,000,000 3,965,560 3,967,362 2,083 2,083 3,969,445 (55,045) (55,045) 88,486 06/01/2026 2FE CAPITAL ONE FINANCIAL 14040H-AY-1 CORP 09/07/2017 RBC CAPITAL MARKETS 7,494,611 6,884,000 7,417,052 7,415,852 (77,169) (77,169) 7,338,682 155,928 155,928 377,855 07/15/2021 2FE 140420-NH-9 CAPITAL ONE BANK USA NA 09/06/2017 WELLS FARGO SECS LLC 1,506,000 1,500,000 1,506,015 1,503,149 (1,050) (1,050) 1,502,099 3,901 3,901 36,094 02/13/2019 2FE 14042E-3Y-4 CAPITAL ONE NA/MCLEAN VA 07/14/2017 RBC CAPITAL MARKETS 1,265,638 1,250,000 1,274,950 1,268,007 (2,055) (2,055) 1,265,952 (314) (314) 36,465 07/23/2021 2FE 14042E-4K-3 CAPITAL ONE NA/MCLEAN VA 09/18/2017 NON-BROKER TRADE, BO 1,001,430 1,000,000 1,000,000 1,000,000 1,000,000 1,430 1,430 15,347 02/05/2018 2FE 14042E-5V-8 CAPITAL ONE NA/MCLEAN VA 08/02/2017 MORGAN STANLEY & CO 2,010,240 2,000,000 2,006,780 2,004,573 (1,760) (1,760) 2,002,812 7,428 7,428 45,694 08/17/2018 2FE 14042R-FJ-5 CAPITAL ONE NA/MCLEAN VA 08/23/2017 BK OF NY/MIZUHO SECU 9,056,829 9,000,000 9,000,000 9,000,000 56,829 56,829 104,347 01/30/2023 2FE STATEMENT AS OF SEPTEMBER 30, 2017 OF THE Citizens Property Insurance Corporation SCHEDULE D - PART 4 Show All Long-Term Bonds and Stock Sold, Redeemed or Otherwise Disposed of During the Current Quarter 1 2 3 4 5 6 7 8 9 10 Change in Book/Adjusted Carrying Value 16 17 18 19 20 21 22

11 12 13 14 15 F NAIC o Desig- r Current Year’s Book/ Bond nation e Prior Year Unrealized Other Than Total Foreign Adjusted Foreign Interest/Stock Stated or CUSIP i Number of Book/Adjusted Valuation Current Year’s Temporary Total Change in Exchange Carrying Value Exchange Gain Realized Gain Total Gain Dividends Contractual Market Identi- g Disposal Shares of Carrying Increase/ (Amortization)/ Impairment B./A.C.V. Change in at (Loss) on (Loss) on (Loss) on Received Maturity Indicator fication Description n Date Name of Purchaser Stock Consideration Par Value Actual Cost Value (Decrease) Accretion Recognized (11+12-13) B./A.C.V. Disposal Date Disposal Disposal Disposal During Year Date (a) CATERPILLAR FINANCIAL 14912L-3K-5 SERVICES CORP 09/01/2017 MATURITY 600,000 600,000 655,866 617,879 (17,879) (17,879) 600,000 35,100 09/01/2017 1FE CATERPILLAR FINANCIAL 14912L-3U-3 SERVICES CORP 08/15/2017 PERSHING & COMPANY 512,750 500,000 556,185 524,980 (12,024) (12,024) 512,957 (207) (207) 22,784 04/15/2018 1FE CATERPILLAR FINANCIAL 14912L-6D-8 SERVICES CORP 08/18/2017 MATURITY 2,060,000 2,060,000 2,058,970 2,059,780 220 220 2,060,000 25,750 08/18/2017 1FE CATERPILLAR FINANCIAL 14912L-6P-1 SERVICES CORP 09/06/2017 NON-BROKER TRADE, BO 749,925 750,000 749,828 749,900 60 60 749,960 (35) (35) 11,719 02/23/2018 1FE CATERPILLAR FINANCIAL 14912L-6R-7 SERVICES CORP 08/02/2017 BAIRD ROBERT W & CO 745,883 750,000 749,580 749,666 83 83 749,749 (3,866) (3,866) 7,284 05/18/2019 1FE CATERPILLAR FINANCIAL 14913Q-AA-7 SERVICES CORP 09/18/2017 JPM SECURITIES-FIXED 361,068 359,000 358,447 30 30 358,477 2,590 2,590 2,489 06/06/2022 1FE CATERPILLAR FINANCIAL 14913Q-AB-5 SERVICES CORP 09/06/2017 RBC CAPITAL MARKETS 2,000,820 2,000,000 2,000,000 2,000,000 820 820 9,476 06/06/2022 1FE 166764-AA-8 CHEVRON CORP 07/06/2017 WELLS FARGO SECS LLC 2,862,336 2,865,000 2,865,000 2,865,000 2,865,000 (2,664) (2,664) 18,978 12/05/2017 1FE 166764-AM-2 CHEVRON CORP 09/18/2017 VARIOUS 3,379,279 3,355,000 3,372,004 1,000,000 (3,055) (3,055) 3,368,948 10,331 10,331 34,128 11/15/2019 1FE 166764-AN-0 CHEVRON CORP 09/06/2017 WELLS FARGO SECS LLC 1,334,863 1,320,000 1,320,000 1,320,000 1,320,000 14,863 14,863 23,560 11/15/2019 1FE 166764-AT-7 CHEVRON CORP 09/06/2017 BK OF NY/MIZUHO SECU 1,013,950 1,000,000 1,000,000 1,000,000 1,000,000 13,950 13,950 24,445 03/03/2022 1FE 166764-AV-2 CHEVRON CORP 09/28/2017 VARIOUS 2,499,940 2,500,000 2,497,225 2,498,758 733 733 2,499,491 449 449 35,774 03/02/2018 1FE 166764-AW-0 CHEVRON CORP 09/07/2017 VARIOUS 8,256,701 8,250,000 8,235,092 8,243,457 3,820 3,820 8,247,277 9,424 9,424 80,049 03/02/2018 1FE 166764-BA-7 CHEVRON CORP 09/06/2017 JPM SECURITIES-FIXED 391,388 390,000 390,000 390,000 390,000 1,388 1,388 5,643 11/16/2018 1FE 166764-BC-3 CHEVRON CORP 08/09/2017 NON-BROKER TRADE, BO 1,000,000 1,000,000 1,000,000 1,000,000 1,000,000 10,267 11/09/2017 1FE 166764-BH-2 CHEVRON CORP 09/18/2017 PERSHING & COMPANY 791,129 792,000 792,000 792,000 792,000 (871) (871) 10,440 05/16/2019 1FE 166764-BK-5 CHEVRON CORP 09/06/2017 BANC/AMERICA SECUR.L 5,078,200 5,000,000 5,000,000 5,000,000 5,000,000 78,200 78,200 104,066 05/16/2023 1FE

E 166764-BL-3 CHEVRON CORP 09/15/2017 BNY CAPITAL MARKETS 1,257,975 1,250,000 1,250,000 1,250,000 1,250,000 7,975 7,975 31,079 05/16/2026 1FE

0 17275R-AQ-5 CISCO SYSTEMS INC 09/06/2017 WELLS FARGO SECS LLC 1,006,928 1,000,000 1,008,990 1,004,379 (1,368) (1,368) 1,003,011 3,917 3,917 12,252 03/01/2019 1FE 17275R-AR-3 CISCO SYSTEMS INC 09/28/2017 U.S. BANCORP INVESTM 1,007,860 1,000,000 1,006,680 1,003,239 (1,105) (1,105) 1,002,133 5,727 5,727 23,080 03/01/2019 1FE 5 17275R-AX-0 CISCO SYSTEMS INC 09/06/2017 STIFEL NICHOLAUS & C 1,888,258 1,850,000 1,859,371 1,858,180 (1,595) (1,595) 1,856,584 31,674 31,674 33,112 06/15/2020 1FE .

9 17275R-BA-9 CISCO SYSTEMS INC 09/06/2017 NON-BROKER TRADE, BO 750,360 750,000 750,000 750,000 750,000 360 360 10,792 02/28/2018 1FE 17275R-BG-6 CISCO SYSTEMS INC 08/28/2017 MORGAN STANLEY & CO 597,660 600,000 599,334 599,396 132 132 599,528 (1,869) (1,869) 7,467 09/20/2019 1FE 172967-HU-8 CITIGROUP INC 09/06/2017 GOLDMAN SACHS & CO 1,010,970 1,000,000 1,009,890 1,006,238 (1,624) (1,624) 1,004,614 6,356 6,356 27,639 07/29/2019 2FE 172967-KG-5 CITIGROUP INC 09/18/2017 VARIOUS 3,739,478 3,625,000 3,636,289 3,635,468 (730) (730) 3,634,737 104,740 104,740 156,376 01/12/2026 2FE 172967-KK-6 CITIGROUP INC 07/17/2017 VARIOUS 4,537,455 4,500,000 4,519,935 4,517,715 (2,180) (2,180) 4,515,535 21,920 21,920 97,875 03/30/2021 2FE 172967-KV-2 CITIGROUP INC 07/17/2017 MORGAN STANLEY & CO 497,325 500,000 499,650 499,677 37 37 499,714 (2,389) (2,389) 11,358 08/02/2021 2FE 172967-KY-6 CITIGROUP INC 09/07/2017 JPMCHASE/BROKER & DE 1,734,250 1,750,000 1,675,145 3,596 3,596 1,678,741 55,509 55,509 49,778 10/21/2026 2FE 172967-LE-9 CITIGROUP INC 09/15/2017 NON-BROKER TRADE, BO 2,518,668 2,500,000 2,517,648 (1,993) (1,993) 2,515,655 3,013 3,013 22,619 01/10/2020 2FE 172967-LG-4 CITIGROUP INC 07/17/2017 PERSHING & COMPANY 1,502,730 1,500,000 1,498,950 46 46 1,498,996 3,734 3,734 9,740 04/25/2022 2FE 172967-LL-3 CITIGROUP INC 09/06/2017 VARIOUS 2,751,646 2,750,000 2,750,000 2,750,000 1,646 1,646 17,640 05/17/2024 2FE CITIZENS BANK 17401Q-AC-5 NA/PROVIDENCE RI 07/06/2017 STIFEL NICHOLAUS & C 2,632,104 2,620,000 2,640,174 2,634,570 (4,101) (4,101) 2,630,469 1,635 1,635 36,491 12/03/2018 2FE 191216-BR-0 COCA-COLA CO/THE 08/09/2017 NON-BROKER TRADE, BO 329,660 330,000 329,855 329,940 45 45 329,985 (325) (325) 2,302 10/27/2017 1FE 191216-BT-6 COCA-COLA CO/THE 09/15/2017 MITSUBISHI UFJ SECS 715,829 715,000 713,742 714,028 177 177 714,205 1,625 1,625 11,991 10/27/2020 1FE 191216-CF-5 COCA-COLA CO/THE 09/15/2017 NON-BROKER TRADE, BO 528,728 525,000 523,961 63 63 524,023 4,704 4,704 3,658 05/25/2022 1FE 20030N-AU-5 COMCAST CORP 08/24/2017 NON-BROKER TRADE, BO 1,010,290 1,000,000 1,085,070 1,041,517 (31,373) (31,373) 1,010,145 145 145 49,700 11/15/2017 1FE 20030N-BL-4 COMCAST CORP 09/07/2017 JEFFERIES & COMPANY, 6,216,960 6,000,000 6,157,820 6,153,834 (12,236) (12,236) 6,141,597 75,363 75,363 216,281 02/15/2025 1FE 20030N-BR-1 COMCAST CORP 08/01/2017 BANC/AMERICA SECUR.L 1,776,828 1,750,000 1,790,110 1,786,712 (3,314) (3,314) 1,783,399 (6,571) (6,571) 44,516 03/01/2023 1FE 20030N-BS-9 COMCAST CORP 09/18/2017 VARIOUS 1,778,120 1,750,000 1,878,713 1,873,008 (7,177) (7,177) 1,865,831 (87,711) (87,711) 50,291 03/01/2026 1FE 20030N-BV-2 COMCAST CORP 07/26/2017 MILLENNIUM ADVISORS 875,176 895,000 894,114 894,184 91 91 894,275 (19,099) (19,099) 15,029 01/15/2022 1FE 20826F-AL-0 CONOCOPHILLIPS CO 08/01/2017 CALL 100.141 1,710,000 1,710,000 1,709,795 1,709,905 40 40 1,709,945 55 55 20,651 05/15/2018 1FE 209115-AC-8 CONSOLIDATED EDISON INC 08/07/2017 WELLS FARGO SECS LLC 506,695 510,000 509,689 509,726 37 37 509,763 (3,068) (3,068) 7,508 05/15/2021 2FE 22160K-AH-8 COSTCO WHOLESALE CORP 07/18/2017 MITSUBISHI UFJ SECS 2,008,300 2,000,000 1,994,080 1,995,574 453 453 1,996,027 12,273 12,273 42,000 02/15/2022 1FE 22160K-AM-7 COSTCO WHOLESALE CORP 09/06/2017 BANC/AMERICA SECUR.L 3,547,845 3,500,000 3,469,795 798 798 3,470,593 77,252 77,252 32,083 05/18/2027 1FE 24422E-SW-0 JOHN DEERE CAPITAL CORP 07/27/2017 US BANKCORP INVESTME 1,006,030 1,000,000 997,830 998,591 249 249 998,840 7,190 7,190 18,279 03/10/2020 1FE 24422E-SX-8 JOHN DEERE CAPITAL CORP 09/18/2017 PERSHING & COMPANY 470,301 470,000 469,821 469,908 43 43 469,951 350 350 8,920 07/13/2018 1FE 24422E-TA-7 JOHN DEERE CAPITAL CORP 09/06/2017 VARIOUS 1,052,499 1,050,000 1,048,971 1,049,425 243 243 1,049,668 2,831 2,831 19,753 08/10/2018 1FE 24422E-TB-5 JOHN DEERE CAPITAL CORP 08/11/2017 JPM SECURITIES-FIXED 2,027,300 2,000,000 1,998,700 1,999,025 158 158 1,999,183 28,117 28,117 45,597 09/11/2020 1FE 24422E-TE-9 JOHN DEERE CAPITAL CORP 09/18/2017 NON-BROKER TRADE, BO 502,215 500,000 499,970 499,980 7 7 499,987 2,228 2,228 11,673 01/08/2019 1FE 24422E-TF-6 JOHN DEERE CAPITAL CORP 09/15/2017 MORGAN STANLEY & CO 624,643 615,000 614,367 614,485 88 88 614,573 10,070 10,070 18,775 01/08/2021 1FE 24422E-TG-4 JOHN DEERE CAPITAL CORP 09/18/2017 VARIOUS 2,044,000 2,000,000 1,997,600 1,997,860 224 224 1,998,084 45,916 45,916 57,244 03/06/2023 1FE 24422E-TR-0 JOHN DEERE CAPITAL CORP 09/18/2017 NON-BROKER TRADE, BO 995,905 995,000 995,000 995,000 905 905 3,880 06/22/2020 1FE DEXIA CREDIT LOCAL SA/NEW 25215F-BL-7 YORK NY 09/18/2017 NON-BROKER TRADE, BO 2,002,620 2,000,000 2,000,000 2,000,000 2,620 2,620 18,361 02/09/2018 1FE 254010-AC-5 DIGNITY HEALTH 07/11/2017 PERSHING & COMPANY 1,011,760 1,000,000 1,008,050 1,005,943 (1,088) (1,088) 1,004,856 6,904 6,904 18,532 11/01/2019 1FE DOMINION ENERGY GAS 257375-AG-0 HOLDINGS LLC 07/20/2017 PERSHING & COMPANY 1,766,573 1,750,000 1,749,335 1,749,599 74 74 1,749,673 16,900 16,900 26,736 12/15/2019 1FE 25746U-CR-8 DOMINION ENERGY INC 09/18/2017 WELLS FARGO SECS LLC 1,009,500 1,000,000 998,560 187 187 998,747 10,753 10,753 18,944 01/15/2022 2FE EI DU PONT DE NEMOURS & 263534-CL-1 CO 09/06/2017 NON-BROKER TRADE, BO 4,035,720 4,000,000 3,995,600 500 500 3,996,100 39,620 39,620 30,800 05/01/2020 1FE STATEMENT AS OF SEPTEMBER 30, 2017 OF THE Citizens Property Insurance Corporation SCHEDULE D - PART 4 Show All Long-Term Bonds and Stock Sold, Redeemed or Otherwise Disposed of During the Current Quarter 1 2 3 4 5 6 7 8 9 10 Change in Book/Adjusted Carrying Value 16 17 18 19 20 21 22

11 12 13 14 15 F NAIC o Desig- r Current Year’s Book/ Bond nation e Prior Year Unrealized Other Than Total Foreign Adjusted Foreign Interest/Stock Stated or CUSIP i Number of Book/Adjusted Valuation Current Year’s Temporary Total Change in Exchange Carrying Value Exchange Gain Realized Gain Total Gain Dividends Contractual Market Identi- g Disposal Shares of Carrying Increase/ (Amortization)/ Impairment B./A.C.V. Change in at (Loss) on (Loss) on (Loss) on Received Maturity Indicator fication Description n Date Name of Purchaser Stock Consideration Par Value Actual Cost Value (Decrease) Accretion Recognized (11+12-13) B./A.C.V. Disposal Date Disposal Disposal Disposal During Year Date (a) 26441C-AS-4 DUKE ENERGY CORP 09/06/2017 VARIOUS 5,791,560 6,000,000 5,536,980 19,332 19,332 5,556,312 235,248 235,248 82,592 09/01/2026 2FE 26442C-AQ-7 DUKE ENERGY CAROLINAS LLC 09/18/2017 WELLS FARGO SECS LLC 2,013,740 2,000,000 1,999,220 1,999,303 75 75 1,999,378 14,362 14,362 50,694 03/15/2023 1FE 278062-AB-0 EATON CORP 08/17/2017 VARIOUS 1,964,746 1,965,000 1,967,704 1,967,016 (1,481) (1,481) 1,965,535 (789) (789) 23,410 11/02/2017 2FE 278642-AK-9 EBAY INC 09/08/2017 VARIOUS 3,827,813 3,750,000 3,731,063 3,731,332 2,686 2,686 3,734,018 93,794 93,794 120,091 08/01/2021 2FE 278865-AY-6 ECOLAB INC 09/06/2017 BANC/AMERICA SECUR.L 755,543 750,000 749,610 6 6 749,616 5,927 5,927 1,385 08/10/2022 2FE 29736R-AJ-9 ESTEE LAUDER COS INC/THE 09/06/2017 CREDIT SUISSE FIRST 3,598,875 3,500,000 3,468,115 1,322 1,322 3,469,437 129,438 129,438 64,006 03/15/2027 1FE 30231G-AJ-1 EXXON MOBIL CORP 09/06/2017 BANC/AMERICA SECUR.L 5,077,800 5,000,000 5,000,000 5,000,000 5,000,000 77,800 77,800 120,516 03/06/2022 1FE 30231G-AU-6 EXXON MOBIL CORP 09/06/2017 NON-BROKER TRADE, BO 500,115 500,000 500,000 500,000 500,000 115 115 7,335 03/01/2018 1FE 30231G-AV-4 EXXON MOBIL CORP 09/28/2017 PERSHING & COMPANY 1,007,410 1,000,000 1,000,000 1,000,000 1,000,000 7,410 7,410 24,133 03/01/2021 1FE 316773-CT-5 FIFTH THIRD BANCORP 08/15/2017 WELLS FARGO SECS LLC 4,084,240 4,000,000 3,994,840 3,996,240 636 636 3,996,876 87,364 87,364 121,708 07/27/2020 2FE 316773-CU-2 FIFTH THIRD BANCORP 09/06/2017 PERSHING & COMPANY 4,024,800 4,000,000 3,998,880 49 49 3,998,929 25,871 25,871 23,978 06/15/2022 2FE FIFTH THIRD 31677Q-BF-5 BANK/CINCINNATI OH 09/27/2017 UBS SECURITIES LLC 1,007,090 1,000,000 999,770 999,830 56 56 999,886 7,204 7,204 23,894 03/15/2019 1FE FIFTH THIRD 31677Q-BG-3 BANK/CINCINNATI OH 09/06/2017 KEYBANC CAPITAL MARK 2,767,655 2,750,000 2,747,938 2,748,153 273 273 2,748,426 19,229 19,229 45,375 06/14/2021 1FE 341099-CP-2 DUKE ENERGY FLORIDA LLC 08/14/2017 VARIOUS 2,977,912 2,870,000 3,011,855 2,990,384 (16,652) (16,652) 2,973,731 4,181 4,181 89,464 08/15/2021 1FE FORD CREDIT AUTO OWNER 34531C-AD-2 TRUST 2016-C 09/15/2017 BARCLAYS CAPITAL FIX 5,958,438 6,000,000 5,965,547 5,966,688 10,986 10,986 5,977,674 (19,236) (19,236) 51,088 03/15/2021 1FE 345370-CR-9 FORD MOTOR CO 09/18/2017 VARIOUS 1,735,242 1,670,000 1,670,000 1,670,000 1,670,000 65,242 65,242 49,932 12/08/2026 2FE 345397-WP-4 FORD MOTOR CREDIT CO LLC 07/19/2017 BANC/AMERICA SECUR.L 1,388,142 1,380,000 1,379,531 104 104 1,379,635 8,507 8,507 28,405 03/12/2019 2FE 345397-WZ-2 FORD MOTOR CREDIT CO LLC 09/06/2017 NON-BROKER TRADE, BO 2,002,244 2,000,000 2,004,462 (2,951) (2,951) 2,001,511 732 732 28,436 01/09/2018 2FE 345397-XN-8 FORD MOTOR CREDIT CO LLC 07/31/2017 BANC/AMERICA SECUR.L 1,007,500 1,000,000 1,007,120 1,006,907 (2,277) (2,277) 1,004,630 2,870 2,870 21,117 10/05/2018 2FE 345397-XU-2 FORD MOTOR CREDIT CO LLC 07/26/2017 J.P. MORGAN SECURITI 1,145,081 1,099,000 1,123,980 (775) (775) 1,123,205 21,876 21,876 27,199 01/08/2026 2FE 345397-YH-0 FORD MOTOR CREDIT CO LLC 07/31/2017 MILLENNIUM ADVISORS 386,290 385,000 385,000 385,000 1,290 1,290 2,975 03/28/2019 2FE

E 345397-YM-9 FORD MOTOR CREDIT CO LLC 09/18/2017 JPM SECURITIES-FIXED 525,651 525,000 525,000 525,000 651 651 3,466 06/12/2020 2FE

0 369604-BD-4 GENERAL ELECTRIC CO 09/06/2017 BANC/AMERICA SECUR.L 2,055,040 2,000,000 2,001,880 2,001,866 (207) (207) 2,001,659 53,381 53,381 49,350 10/09/2022 1FE 36962G-2T-0 GENERAL ELECTRIC CO 09/07/2017 RBC CAPITAL MARKETS 3,292,680 3,000,000 3,438,690 3,353,724 (71,594) (71,594) 3,282,130 10,550 10,550 141,988 05/04/2020 1FE 5 36962G-6K-5 GENERAL ELECTRIC CO 07/06/2017 BANC/AMERICA SECUR.L 2,002,060 2,000,000 1,997,420 1,999,529 279 279 1,999,808 2,252 2,252 20,533 11/20/2017 1FE .

1 36962G-7F-5 GENERAL ELECTRIC CO 09/18/2017 VARIOUS 749,352 745,000 747,456 510,310 (562) (562) 746,454 2,898 2,898 10,315 01/14/2019 1FE

0 36962G-X6-6 GENERAL ELECTRIC CO 09/28/2017 VARIOUS 1,728,440 1,725,000 1,706,015 1,718,402 2,954 2,954 1,721,356 7,085 7,085 20,638 08/07/2018 1FE 36962G-XZ-2 GENERAL ELECTRIC CO 09/06/2017 HSBC SECURITIES INC. 1,486,310 1,058,000 1,435,166 (7,797) (7,797) 1,427,369 58,941 58,941 34,319 03/15/2032 1FE 370334-BV-5 GENERAL MILLS INC 09/15/2017 MILLENNIUM ADVISORS 1,258,013 1,250,000 1,247,525 1,248,579 354 354 1,248,933 9,079 9,079 25,056 10/21/2019 2FE 373334-KF-7 GEORGIA POWER CO 09/18/2017 WELLS FARGO SECS LLC 1,004,230 1,000,000 997,950 998,264 280 280 998,545 5,685 5,685 23,267 04/01/2021 1FE 375558-AY-9 GILEAD SCIENCES INC 09/06/2017 NON-BROKER TRADE, BO 4,054,680 4,000,000 4,026,920 (4,587) (4,587) 4,022,333 32,347 32,347 56,661 02/01/2020 1FE GM FINANCIAL AUTOMOBILE 38013P-AC-3 LEASING TRUST 20 09/20/2017 PAYDOWN 481,157 481,157 481,270 (113) (113) 481,157 1,282 09/20/2018 1FE GOLDMAN SACHS GROUP 38141G-GQ-1 INC/THE 09/18/2017 PERSHING & COMPANY 428,185 390,000 434,979 425,452 (5,263) (5,263) 420,189 7,996 7,996 23,489 07/27/2021 1FE GOLDMAN SACHS GROUP 38141G-VM-3 INC/THE 09/06/2017 FIRST TENNESSEE BK N 2,755,662 2,600,000 2,684,110 2,674,856 (6,335) (6,335) 2,668,521 87,141 87,141 105,444 03/03/2024 1FE GOLDMAN SACHS GROUP 38141G-VP-6 INC/THE 07/07/2017 GOLDMAN SACHS & CO 1,820,790 1,800,000 1,796,328 1,797,234 375 375 1,797,609 23,181 23,181 40,838 09/15/2020 1FE GOLDMAN SACHS GROUP 38141G-VQ-4 INC/THE 09/06/2017 STIFEL NICHOLAUS & C 1,017,825 1,000,000 993,470 995,009 888 888 995,897 21,928 21,928 17,140 09/15/2020 1FE GOLDMAN SACHS GROUP 38141G-VT-8 INC/THE 07/19/2017 BARCLAYS CAPITAL INC 1,001,300 1,000,000 997,220 997,842 512 512 998,354 2,946 2,946 14,944 04/25/2019 1FE GOLDMAN SACHS GROUP 38141G-VU-5 INC/THE 07/18/2017 WELLS FARGO SECS LLC 2,011,580 2,000,000 1,998,700 1,998,869 137 137 1,999,006 12,574 12,574 38,792 04/25/2021 1FE GOLDMAN SACHS GROUP 38141G-WC-4 INC/THE 09/11/2017 BANC/AMERICA SECUR.L 1,787,667 1,760,000 1,774,465 (628) (628) 1,773,837 13,830 13,830 20,093 04/26/2022 1FE GOLDMAN SACHS GROUP 38148L-AE-6 INC/THE 09/18/2017 PERSHING & COMPANY 217,387 211,000 215,748 215,396 (340) (340) 215,056 2,331 2,331 6,550 05/22/2025 1FE 40428H-PH-9 HSBC USA INC 09/06/2017 VARIOUS 2,881,641 2,881,000 2,887,406 2,883,394 (1,496) (1,496) 2,881,898 (256) (256) 52,305 01/16/2018 1FE 40428H-PL-0 HSBC USA INC 08/18/2017 JP MORGAN CHASE BANK 1,300,026 1,300,000 1,299,766 1,299,932 51 51 1,299,982 44 44 15,113 11/13/2017 1FE 40428H-PM-8 HSBC USA INC 09/15/2017 NON-BROKER TRADE, BO 2,000,860 2,000,000 2,000,600 2,000,192 (158) (158) 2,000,034 826 826 24,216 11/13/2017 1FE 40428H-PQ-9 HSBC USA INC 09/18/2017 NON-BROKER TRADE, BO 1,500,915 1,500,000 1,498,545 1,498,588 854 854 1,499,442 1,473 1,473 26,492 03/05/2018 1FE 437076-BE-1 HOME DEPOT INC/THE 08/07/2017 MILLENNIUM ADVISORS 216,699 215,000 214,177 214,586 100 100 214,686 2,012 2,012 2,807 06/15/2019 1FE 437076-BJ-0 HOME DEPOT INC/THE 09/15/2017 VARIOUS 3,806,705 3,805,000 3,805,000 3,805,000 3,805,000 1,705 1,705 35,060 09/15/2017 1FE 437076-BL-5 HOME DEPOT INC/THE 09/11/2017 VARIOUS 5,673,715 5,650,000 5,669,598 5,667,157 (2,086) (2,086) 5,665,071 8,644 8,644 102,017 04/01/2021 1FE 437076-BQ-4 HOME DEPOT INC/THE 09/15/2017 NON-BROKER TRADE, BO 1,503,315 1,500,000 1,499,130 82 82 1,499,212 4,103 4,103 7,800 06/05/2020 1FE 437076-BR-2 HOME DEPOT INC/THE 09/19/2017 NON-BROKER TRADE, BO 2,170,776 2,165,000 2,165,000 2,165,000 5,776 5,776 8,804 06/05/2020 1FE HONDA AUTO RECEIVABLES 438124-AC-3 2016-3 OWNER TRUS 09/18/2017 BARCLAYS BANK PLC, N 1,493,555 1,500,000 1,491,152 3,285 3,285 1,494,437 (883) (883) 11,697 05/18/2020 1FE HUNTINGTON NATIONAL 446438-RL-9 BANK/THE 09/06/2017 UBS SECURITIES LLC 1,750,840 1,750,000 1,747,550 1,749,044 568 568 1,749,612 1,228 1,228 30,742 02/26/2018 1FE STATEMENT AS OF SEPTEMBER 30, 2017 OF THE Citizens Property Insurance Corporation SCHEDULE D - PART 4 Show All Long-Term Bonds and Stock Sold, Redeemed or Otherwise Disposed of During the Current Quarter 1 2 3 4 5 6 7 8 9 10 Change in Book/Adjusted Carrying Value 16 17 18 19 20 21 22

11 12 13 14 15 F NAIC o Desig- r Current Year’s Book/ Bond nation e Prior Year Unrealized Other Than Total Foreign Adjusted Foreign Interest/Stock Stated or CUSIP i Number of Book/Adjusted Valuation Current Year’s Temporary Total Change in Exchange Carrying Value Exchange Gain Realized Gain Total Gain Dividends Contractual Market Identi- g Disposal Shares of Carrying Increase/ (Amortization)/ Impairment B./A.C.V. Change in at (Loss) on (Loss) on (Loss) on Received Maturity Indicator fication Description n Date Name of Purchaser Stock Consideration Par Value Actual Cost Value (Decrease) Accretion Recognized (11+12-13) B./A.C.V. Disposal Date Disposal Disposal Disposal During Year Date (a) HUNTINGTON NATIONAL 446438-RN-5 BANK/THE 08/07/2017 PERSHING & COMPANY 1,003,390 1,000,000 997,110 998,538 588 588 999,126 4,264 4,264 12,222 06/30/2018 1FE HUNTINGTON NATIONAL 446438-RR-6 BANK/THE 09/06/2017 VARIOUS 3,628,539 3,615,000 3,659,415 3,651,795 (10,841) (10,841) 3,640,954 (12,415) (12,415) 55,322 11/06/2018 1FE 44932H-AA-1 IBM CREDIT LLC 09/19/2017 NON-BROKER TRADE, BO 3,995,540 4,000,000 3,996,960 46 46 3,997,006 (1,466) (1,466) 1,986 09/06/2019 1FE 452308-AX-7 ILLINOIS TOOL WORKS INC 09/06/2017 MERRILL LYNCH PIERCE 2,981,280 3,000,000 2,990,550 2,990,676 571 571 2,991,247 (9,967) (9,967) 66,471 11/15/2026 1FE 458140-AQ-3 INTEL CORP 09/06/2017 CITIGROUP GLOBAL MKT 2,552,600 2,500,000 2,497,650 2,498,290 317 317 2,498,608 53,992 53,992 67,885 07/29/2020 1FE 458140-AZ-3 INTEL CORP 09/19/2017 NON-BROKER TRADE, BO 1,002,850 1,000,000 999,620 44 44 999,664 3,186 3,186 6,578 05/11/2020 1FE 458140-BA-7 INTEL CORP 09/18/2017 NON-BROKER TRADE, BO 4,004,268 4,000,000 4,000,000 4,000,000 4,268 4,268 18,920 05/11/2020 1FE INTERNATIONAL BUSINESS 459200-GJ-4 MACHINES CORP 09/14/2017 MATURITY 3,150,000 3,150,000 3,562,934 3,246,774 (96,774) (96,774) 3,150,000 179,550 09/14/2017 1FE INTERNATIONAL BUSINESS 459200-JA-0 MACHINES CORP 09/06/2017 PERSHING & COMPANY 5,004,245 5,000,000 5,000,000 5,000,000 5,000,000 4,245 4,245 53,608 02/06/2018 1FE INTERNATIONAL BUSINESS 459200-JR-3 MACHINES CORP 09/06/2017 BARCLAYS CAPITAL INC 3,803,516 3,705,000 3,688,096 889 889 3,688,985 114,531 114,531 75,057 01/27/2027 1FE 460146-CP-6 INTERNATIONAL PAPER CO 09/18/2017 VARIOUS 1,096,053 1,124,000 1,095,759 485 485 1,096,244 (191) (191) 17,278 02/15/2027 2FE 46625H-JS-0 JPMORGAN CHASE & CO 09/18/2017 VARIOUS 3,770,711 3,750,000 3,755,547 3,755,121 (1,751) (1,751) 3,753,370 17,340 17,340 58,038 01/28/2019 1FE 46625H-NX-4 JPMORGAN CHASE & CO 08/25/2017 BARCLAYS CAPITAL FIX 1,520,025 1,500,000 1,505,670 1,504,679 (795) (795) 1,503,884 16,141 16,141 31,981 10/29/2020 1FE 46625H-QJ-2 JPMORGAN CHASE & CO 09/18/2017 VARIOUS 3,947,802 3,900,000 3,906,890 3,906,071 (977) (977) 3,905,095 42,707 42,707 103,084 03/01/2021 1FE 46625H-RL-6 JPMORGAN CHASE & CO 08/29/2017 NOMURA SECURITIES/FI 5,009,700 5,000,000 4,986,700 4,987,782 1,180 1,180 4,988,962 20,738 20,738 106,125 05/18/2023 1FE 46647P-AC-0 JPMORGAN CHASE & CO 07/12/2017 BK OF NY/MIZUHO SECU 5,001,805 5,000,000 5,000,000 5,000,000 1,805 1,805 30,510 03/09/2021 1FE 478160-BS-2 JOHNSON & JOHNSON 09/28/2017 WELLS FARGO SECS LLC 1,984,120 2,000,000 2,000,000 2,000,000 2,000,000 (15,880) (15,880) 35,842 03/01/2021 1FE 478160-BT-0 JOHNSON & JOHNSON 09/06/2017 MITSUBISHI UFJ SECS 2,287,456 2,280,000 2,273,935 2,274,615 562 562 2,275,178 12,278 12,278 47,649 03/01/2023 1FE 478160-BW-3 JOHNSON & JOHNSON 08/16/2017 BK OF NY/MIZUHO SECU 326,190 325,000 325,000 325,000 325,000 1,190 1,190 3,085 03/01/2019 1FE

E 478160-CE-2 JOHNSON & JOHNSON 09/15/2017 VARIOUS 2,043,250 2,000,000 1,997,940 95 95 1,998,035 45,215 45,215 31,467 03/03/2027 1FE

0 48125L-RF-1 JPMORGAN CHASE BANK NA 09/19/2017 NON-BROKER TRADE, BO 349,290 350,000 349,836 349,858 58 58 349,916 (627) (627) 5,019 09/21/2018 1FE 49327M-2A-1 KEYBANK NA/CLEVELAND OH 09/06/2017 PERSHING & COMPANY 1,250,338 1,250,000 1,251,175 1,250,399 (252) (252) 1,250,148 190 190 22,688 02/01/2018 1FE 5 49327M-2G-8 KEYBANK NA/CLEVELAND OH 07/14/2017 PERSHING & COMPANY 1,006,300 1,000,000 998,460 999,010 163 163 999,173 7,127 7,127 18,938 03/16/2020 1FE .

1 49327M-2R-4 KEYBANK NA/CLEVELAND OH 09/06/2017 GOLDMAN SACHS & CO 1,263,240 1,250,000 1,250,000 1,250,000 1,250,000 13,240 13,240 18,847 11/22/2021 1FE

1 49327M-2S-2 KEYBANK NA/CLEVELAND OH 09/06/2017 GOLDMAN SACHS & CO 2,014,940 2,000,000 1,999,340 31 31 1,999,371 15,569 15,569 11,867 06/09/2022 1FE 494368-BS-1 KIMBERLY-CLARK CORP 07/07/2017 VARIOUS 4,765,675 4,750,000 4,747,958 4,748,506 210 210 4,748,715 16,960 16,960 92,480 08/15/2020 1FE 501044-DJ-7 KROGER CO/THE 09/18/2017 U.S. BANCORP INVESTM 694,400 697,000 696,589 5 5 696,594 (2,194) (2,194) 4,012 08/01/2027 2FE LABORATORY CORP OF 50540R-AT-9 AMERICA HOLDINGS 09/06/2017 TORONTO DOMINION SEC 5,073,750 5,000,000 4,988,750 67 67 4,988,817 84,933 84,933 7,222 09/01/2024 2FE 53117C-AS-1 LIBERTY PROPERTY LP 09/18/2017 JPM SECURITIES-FIXED 161,811 164,000 156,267 156,314 474 474 156,789 5,022 5,022 5,330 10/01/2026 2FE 532457-BF-4 ELI LILLY & CO 07/18/2017 BNY/SUNTRUST CAPITAL 1,006,320 1,000,000 1,019,080 1,013,910 (3,435) (3,435) 1,010,475 (4,155) (4,155) 16,575 03/15/2019 1FE 532457-BP-2 ELI LILLY & CO 09/06/2017 WELLS FARGO SECS LLC 1,794,275 1,750,000 1,749,388 17 17 1,749,405 44,870 44,870 17,933 05/15/2027 1FE 532457-BQ-0 ELI LILLY & CO 09/06/2017 BANC/AMERICA SECUR.L 1,265,988 1,250,000 1,248,113 118 118 1,248,231 17,757 17,757 9,710 05/15/2022 1FE 534187-BC-2 LINCOLN NATIONAL CORP 09/18/2017 PERSHING & COMPANY 184,278 173,000 183,316 (1,130) (1,130) 182,186 2,092 2,092 7,367 03/15/2022 2FE 539830-BG-3 LOCKHEED MARTIN CORP 09/06/2017 CORTVIEW CAPITAL LLC 2,079,180 2,000,000 2,014,040 (1,164) (1,164) 2,012,876 66,304 66,304 40,128 01/15/2023 2FE 539830-BJ-7 LOCKHEED MARTIN CORP 08/07/2017 BAIRD ROBERT W & CO 3,935,676 3,925,000 3,918,288 3,920,723 1,356 1,356 3,922,079 13,597 13,597 51,837 11/23/2018 2FE 548661-CV-7 LOWE'S COS INC 09/06/2017 DEUTSCHE BANC/ALEX B 1,067,650 1,000,000 1,080,880 1,069,130 (9,817) (9,817) 1,059,313 8,337 8,337 30,928 11/15/2021 1FE 548661-DB-0 LOWE'S COS INC 09/28/2017 VARIOUS 2,480,682 2,463,000 2,469,635 1,500,000 (1,266) (1,266) 2,468,369 12,313 12,313 27,021 09/10/2019 1FE 548661-DF-1 LOWE'S COS INC 09/06/2017 BK OF NY/MIZUHO SECU 251,327 250,000 250,000 250,000 250,000 1,327 1,327 3,161 09/14/2018 1FE 548661-DP-9 LOWE'S COS INC 09/06/2017 MORGAN STANLEY & CO 3,792,488 3,750,000 3,744,225 173 173 3,744,398 48,090 48,090 40,365 05/03/2027 1FE MUFG AMERICAS HOLDINGS 553794-AA-6 CORP 08/09/2017 VARIOUS 4,250,475 4,250,000 4,247,153 4,248,933 569 569 4,249,502 973 973 68,261 02/09/2018 1FE MUFG AMERICAS HOLDINGS 553794-AB-4 CORP 09/06/2017 B B & T CAPITAL MARK 1,257,688 1,250,000 1,249,763 1,249,849 32 32 1,249,882 7,806 7,806 30,234 02/10/2020 1FE 571748-AY-8 MARSH & MCLENNAN COS INC 09/15/2017 UBS SECURITIES LLC 1,892,288 1,875,000 1,873,500 1,874,027 212 212 1,874,239 18,049 18,049 45,654 03/06/2020 1FE 57636Q-AF-1 MASTERCARD INC 07/27/2017 VARIOUS 9,961,900 10,000,000 9,942,900 9,944,133 6,258 6,258 9,950,391 11,509 11,509 137,222 11/21/2021 1FE 577081-AZ-5 MATTEL INC 08/01/2017 BANC/AMERICA SECUR.L 5,014,700 5,000,000 4,996,250 4,998,187 447 447 4,998,633 16,067 16,067 87,472 05/06/2019 2FE 58013M-EB-6 MCDONALD'S CORP 08/09/2017 NON-BROKER TRADE, BO 372,627 370,000 410,185 383,139 (10,300) (10,300) 372,839 (212) (212) 17,824 10/15/2017 2FE 58013M-EW-0 MCDONALD'S CORP 08/22/2017 TORONTO DOMINION SEC 4,026,240 4,000,000 3,998,040 3,998,722 421 421 3,999,143 27,097 27,097 59,967 12/07/2018 2FE 58013M-EX-8 MCDONALD'S CORP 09/05/2017 JPM SECURITIES-FIXED 1,795,080 1,750,000 1,813,872 1,805,296 (9,507) (9,507) 1,795,789 (709) (709) 35,826 12/09/2020 2FE 58013M-FB-5 MCDONALD'S CORP 09/06/2017 VARIOUS 4,656,420 4,500,000 4,463,775 1,425 1,425 4,465,200 191,220 191,220 78,313 03/01/2027 2FE 585055-BJ-4 MEDTRONIC INC 09/15/2017 NON-BROKER TRADE, BO 2,027,574 2,000,000 2,028,520 (5,896) (5,896) 2,022,624 4,950 4,950 29,614 03/15/2020 1FE 589331-AN-7 MERCK SHARP & DOHME CORP 09/07/2017 DEUTSCHE BANC/ALEX B 3,184,350 3,000,000 3,349,050 3,262,926 (72,263) (72,263) 3,190,663 (6,313) (6,313) 104,583 06/30/2019 1FE 58933Y-AS-4 MERCK & CO INC 09/06/2017 VARIOUS 2,462,061 2,450,000 2,449,535 2,449,706 64 64 2,449,769 12,292 12,292 48,850 02/10/2020 1FE 594918-BH-6 MICROSOFT CORP 09/15/2017 GOLDMAN SACHS & CO 1,275,738 1,250,000 1,249,600 1,249,661 39 39 1,249,700 26,037 26,037 29,076 11/03/2022 1FE 594918-BP-8 MICROSOFT CORP 08/09/2017 VARIOUS 1,525,447 1,550,000 1,548,373 1,548,497 189 189 1,548,686 (23,239) (23,239) 23,909 08/08/2021 1FE 594918-BW-3 MICROSOFT CORP 09/06/2017 WELLS FARGO SECS LLC 2,033,500 2,000,000 1,995,700 481 481 1,996,181 37,319 37,319 28,267 02/06/2022 1FE 594918-BY-9 MICROSOFT CORP 09/07/2017 VARIOUS 7,292,281 6,985,000 6,960,203 1,250 1,250 6,961,453 330,828 330,828 136,099 02/06/2027 1FE 61744Y-AG-3 MORGAN STANLEY 09/06/2017 VARIOUS 3,768,237 3,750,000 3,750,000 3,750,000 18,237 18,237 28,834 05/08/2024 1FE 61744Y-AK-4 MORGAN STANLEY 09/06/2017 DEUTSCHE BANC/ALEX B 5,071,400 5,000,000 5,000,000 5,000,000 71,400 71,400 21,945 07/22/2028 1FE 61746B-DN-3 MORGAN STANLEY 09/15/2017 NON-BROKER TRADE, BO 3,020,404 3,000,000 3,016,800 3,015,476 (5,321) (5,321) 3,010,154 10,250 10,250 52,940 01/24/2019 1FE 61746B-DZ-6 MORGAN STANLEY 09/18/2017 PERSHING & COMPANY 194,553 187,000 186,617 186,646 24 24 186,670 7,883 7,883 8,313 01/27/2026 1FE STATEMENT AS OF SEPTEMBER 30, 2017 OF THE Citizens Property Insurance Corporation SCHEDULE D - PART 4 Show All Long-Term Bonds and Stock Sold, Redeemed or Otherwise Disposed of During the Current Quarter 1 2 3 4 5 6 7 8 9 10 Change in Book/Adjusted Carrying Value 16 17 18 19 20 21 22

11 12 13 14 15 F NAIC o Desig- r Current Year’s Book/ Bond nation e Prior Year Unrealized Other Than Total Foreign Adjusted Foreign Interest/Stock Stated or CUSIP i Number of Book/Adjusted Valuation Current Year’s Temporary Total Change in Exchange Carrying Value Exchange Gain Realized Gain Total Gain Dividends Contractual Market Identi- g Disposal Shares of Carrying Increase/ (Amortization)/ Impairment B./A.C.V. Change in at (Loss) on (Loss) on (Loss) on Received Maturity Indicator fication Description n Date Name of Purchaser Stock Consideration Par Value Actual Cost Value (Decrease) Accretion Recognized (11+12-13) B./A.C.V. Disposal Date Disposal Disposal Disposal During Year Date (a) 61746B-ED-4 MORGAN STANLEY 09/18/2017 MORGAN STANLEY & CO 1,203,456 1,200,000 1,193,868 1,194,011 833 833 1,194,845 8,611 8,611 26,513 11/17/2021 1FE 61746B-EH-5 MORGAN STANLEY 09/27/2017 NON-BROKER TRADE, BO 1,507,091 1,500,000 1,500,000 1,500,000 7,091 7,091 18,233 02/14/2020 1FE 61747W-AL-3 MORGAN STANLEY 09/18/2017 BARCLAYS BANK PLC, N 935,956 845,000 954,858 931,591 (12,852) (12,852) 918,740 17,216 17,216 53,188 07/28/2021 1FE 61761J-3R-8 MORGAN STANLEY 09/06/2017 MORGAN STANLEY & CO 2,955,690 3,000,000 2,866,800 7,752 7,752 2,874,552 81,138 81,138 104,948 07/27/2026 1FE NATIONAL OILWELL VARCO 637071-AJ-0 INC 09/06/2017 PIERPONT SECURITIES 981,220 1,000,000 873,150 887,555 11,482 11,482 899,037 82,183 82,183 20,006 12/01/2022 2FE NEXTERA ENERGY CAPITAL 65339K-AR-1 HOLDINGS INC 09/07/2017 MORGAN STANLEY & CO 2,016,000 2,000,000 1,997,980 1,998,476 461 461 1,998,937 17,063 17,063 43,444 04/01/2019 2FE NORTHERN STATES POWER 665789-AV-5 CO/WI 09/29/2017 BARCLAYS BANK PLC, N 5,278,755 5,100,000 5,872,803 5,401,027 (128,481) (128,481) 5,272,545 6,210 6,210 135,363 10/01/2018 1FE 66989H-AM-0 NOVARTIS CAPITAL CORP 09/06/2017 VARIOUS 8,099,020 8,000,000 7,955,920 3,790 3,790 7,959,710 139,310 139,310 92,533 05/17/2022 1FE 66989H-AN-8 NOVARTIS CAPITAL CORP 09/06/2017 U.S. BANCORP INVESTM 2,050,300 2,000,000 1,982,180 828 828 1,983,008 67,292 67,292 34,617 05/17/2027 1FE 674599-CG-8 OCCIDENTAL PETROLEUM CORP 08/25/2017 CREDIT SUISSE FIRST 1,546,995 1,500,000 1,544,835 (1,403) (1,403) 1,543,432 3,563 3,563 37,188 06/15/2025 1FE 674599-CK-9 OCCIDENTAL PETROLEUM CORP 08/24/2017 GOLDMAN SACHS & CO 1,795,453 1,770,000 1,769,115 1,769,217 92 92 1,769,309 26,144 26,144 40,140 04/15/2022 1FE 68389X-AC-9 ORACLE CORP 09/19/2017 NON-BROKER TRADE, BO 3,309,164 3,230,000 3,379,081 (68,322) (68,322) 3,310,759 (1,595) (1,595) 169,462 04/15/2018 1FE 68389X-AR-6 ORACLE CORP 09/28/2017 BK OF NY/MIZUHO SECU 1,007,234 1,000,000 1,010,080 1,004,768 (1,744) (1,744) 1,003,024 4,210 4,210 16,263 01/15/2019 1FE 68389X-AT-2 ORACLE CORP 07/07/2017 MATURITY 4,500,000 4,500,000 4,504,208 4,500,744 (744) (744) 4,500,000 41,246 07/07/2017 1FE 68389X-AU-9 ORACLE CORP 09/06/2017 WELLS FARGO SECS LLC 3,157,920 3,000,000 3,056,280 3,056,036 (4,784) (4,784) 3,051,251 106,669 106,669 119,000 07/08/2024 1FE 68389X-AX-3 ORACLE CORP 09/19/2017 NON-BROKER TRADE, BO 3,240,943 3,200,000 3,245,472 (2,053) (2,053) 3,243,419 (2,476) (2,476) 32,200 10/08/2019 1FE 69353R-DL-9 PNC BANK NA 08/01/2017 MATURITY 4,000,000 4,000,000 4,000,000 4,000,000 4,000,000 40,322 08/01/2017 1FE 69353R-EK-0 PNC BANK NA 09/06/2017 VARIOUS 6,079,680 6,000,000 5,886,300 7,795 7,795 5,894,095 185,585 185,585 184,375 02/23/2025 1FE 69353R-EP-9 PNC BANK NA 09/28/2017 VARIOUS 2,520,190 2,500,000 2,497,920 2,498,621 264 264 2,498,885 21,305 21,305 46,831 06/01/2020 1FE 69353R-ET-1 PNC BANK NA 09/06/2017 JP MORGAN CHASE BANK 701,365 700,000 699,895 699,935 24 24 699,959 1,406 1,406 10,570 11/05/2018 1FE 69353R-EW-4 PNC BANK NA 08/29/2017 RBC CAPITAL MARKETS 5,013,000 5,000,000 4,996,950 4,997,344 393 393 4,997,737 15,263 15,263 90,181 04/29/2021 1FE

E 69353R-FB-9 PNC BANK NA 08/02/2017 WELLS FARGO SECS LLC 3,805,050 3,750,000 3,748,238 157 157 3,748,394 56,656 56,656 46,484 02/17/2022 1FE

0 69371R-L7-9 PACCAR FINANCIAL CORP 09/18/2017 VARIOUS 2,686,810 2,669,000 2,670,301 2,500,000 (369) (369) 2,669,932 16,878 16,878 31,028 12/06/2018 1FE 69371R-M4-5 PACCAR FINANCIAL CORP 08/14/2017 TORONTO DOMINION SEC 2,801,328 2,800,000 2,797,368 2,798,947 522 522 2,799,468 1,860 1,860 36,830 03/09/2018 1FE 5 69371R-M9-4 PACCAR FINANCIAL CORP 09/11/2017 JPM SECURITIES-FIXED 1,010,530 1,000,000 998,970 999,137 140 140 999,277 11,253 11,253 23,625 02/25/2021 1FE .

1 713448-DG-0 PEPSICO INC 09/18/2017 NON-BROKER TRADE, BO 473,570 470,000 474,409 (1,103) (1,103) 473,306 265 265 4,716 02/22/2019 1FE

2 713448-DR-6 PEPSICO INC 09/19/2017 NON-BROKER TRADE, BO 3,749,575 3,750,000 3,745,540 806 806 3,746,346 3,229 3,229 22,120 05/02/2019 1FE 713448-DS-4 PEPSICO INC 09/18/2017 NON-BROKER TRADE, BO 1,934,443 1,935,000 1,935,000 1,935,000 (557) (557) 9,466 05/02/2019 1FE 713448-DT-2 PEPSICO INC 09/15/2017 VARIOUS 5,662,450 5,600,000 5,588,688 765 765 5,589,453 72,997 72,997 44,822 05/02/2022 1FE PHILIP MORRIS 718172-BP-3 INTERNATIONAL INC 08/11/2017 VARIOUS 1,550,068 1,550,000 1,546,094 1,548,795 1,176 1,176 1,549,972 96 96 19,109 08/11/2017 1FE PIONEER NATURAL RESOURCES 723787-AB-3 CO 07/26/2017 MILLENNIUM ADVISORS 458,009 367,000 448,951 (2,008) (2,008) 446,943 11,066 11,066 14,386 01/15/2028 2FE 74005P-BB-9 PRAXAIR INC 09/06/2017 WELLS FARGO SECS LLC 700,560 700,000 685,069 1,222 1,222 686,291 14,269 14,269 8,684 08/15/2022 1FE 742718-EQ-8 PROCTER & GAMBLE CO/THE 07/11/2017 MITSUBISHI UFJ SECS 1,479,015 1,500,000 1,496,925 1,497,021 316 316 1,497,337 (18,322) (18,322) 17,779 11/03/2021 1FE 74340X-AW-1 PROLOGIS LP 09/13/2017 BANC/AMERICA SECUR.L 2,783,817 2,548,000 2,707,199 (14,538) (14,538) 2,692,661 91,157 91,157 117,314 08/15/2023 1FE 747525-AD-5 QUALCOMM INC 09/06/2017 WELLS FARGO SECS LLC 1,376,850 1,360,000 1,358,912 1,359,250 147 147 1,359,397 17,453 17,453 24,395 05/20/2020 1FE 747525-AP-8 QUALCOMM INC 09/15/2017 NON-BROKER TRADE, BO 2,553,741 2,540,000 2,539,848 16 16 2,539,863 13,878 13,878 16,743 05/20/2020 1FE 747525-AT-0 QUALCOMM INC 09/18/2017 VARIOUS 2,777,245 2,782,000 2,773,988 162 162 2,774,150 3,094 3,094 12,573 05/20/2024 1FE 78355H-JX-8 RYDER SYSTEM INC 08/07/2017 PERSHING & COMPANY 908,631 900,000 907,488 (719) (719) 906,769 1,862 1,862 9,739 09/03/2019 2FE SAN DIEGO GAS & ELECTRIC 797440-BN-3 CO 08/14/2017 NON-BROKER TRADE, BO 2,583,825 2,500,000 2,576,000 2,559,283 (7,658) (7,658) 2,551,625 32,200 32,200 75,417 08/15/2021 1FE 808513-AK-1 CHARLES SCHWAB CORP/THE 08/10/2017 WELLS FARGO SECS LLC 1,299,844 1,300,000 1,298,362 1,299,343 334 334 1,299,677 167 167 17,929 03/10/2018 1FE 816851-AW-9 SEMPRA ENERGY 09/05/2017 VARIOUS 4,446,216 4,400,000 4,396,304 4,397,586 428 428 4,398,014 48,202 48,202 93,653 03/15/2020 2FE 828807-CS-4 SIMON PROPERTY GROUP LP 09/18/2017 VARIOUS 838,859 819,000 862,106 860,132 (2,849) (2,849) 857,283 (18,424) (18,424) 23,937 10/01/2024 1FE 832696-AH-1 JM SMUCKER CO/THE 09/08/2017 DEUTSCHE BANC/ALEX B 3,851,888 3,750,000 3,792,900 3,792,353 (5,307) (5,307) 3,787,047 64,841 64,841 111,563 03/15/2022 2FE 832696-AK-4 JM SMUCKER CO/THE 09/18/2017 BARCLAYS BANK PLC, N 514,855 500,000 505,325 (333) (333) 504,992 9,863 9,863 17,743 03/15/2025 2FE 842587-CK-1 SOUTHERN CO/THE 07/19/2017 J.P. MORGAN SECURITI 499,970 500,000 499,840 499,966 31 31 499,997 (27) (27) 6,121 08/15/2017 2FE 842587-CM-7 SOUTHERN CO/THE 09/06/2017 B B & T CAPITAL MARK 2,544,100 2,500,000 2,495,700 2,496,972 579 579 2,497,551 46,549 46,549 50,226 06/15/2020 2FE 84265V-AH-8 SOUTHERN COPPER CORP 08/08/2017 BANC/AMERICA SECUR.L 2,619,815 2,530,000 2,483,856 1,979,565 2,851 2,851 2,487,037 132,778 132,778 78,430 04/23/2025 2FE SOUTHERN CO GAS CAPITAL 8426EP-AA-6 CORP 09/18/2017 PERSHING & COMPANY 582,089 595,000 592,611 541,594 213 213 592,842 (10,753) (10,753) 14,861 10/01/2023 2FE SOUTHWESTERN PUBLIC 845743-BM-4 SERVICE CO 08/30/2017 CALL 108.645047 195,000 195,000 219,391 (8,140) (8,140) 211,250 (16,250) (16,250) 29,607 12/01/2018 1FE SPECTRA ENERGY PARTNERS 84756N-AH-2 LP 09/18/2017 PERSHING & COMPANY 141,652 143,000 135,571 135,616 450 450 136,065 5,586 5,586 4,464 10/15/2026 2FE 855244-AG-4 STARBUCKS CORP 07/20/2017 MERRILL LYNCH PIERCE 4,090,320 4,000,000 3,998,290 3,998,643 131 131 3,998,774 91,546 91,546 66,000 06/15/2022 1FE 855244-AJ-8 STARBUCKS CORP 08/07/2017 J.P. MORGAN SECURITI 754,845 750,000 767,933 765,578 (2,303) (2,303) 763,275 (8,430) (8,430) 16,013 02/04/2021 1FE 857477-AS-2 STATE STREET CORP 09/06/2017 JP MORGAN CHASE BANK 5,108,800 5,000,000 4,988,600 4,991,579 1,534 1,534 4,993,113 115,687 115,687 134,583 08/18/2020 1FE 857477-AW-3 STATE STREET CORP 09/06/2017 BARCLAYS CAPITAL FIX 3,454,045 3,500,000 3,354,240 3,355,345 9,199 9,199 3,364,544 89,501 89,501 74,458 05/19/2026 1FE 857477-AZ-6 STATE STREET CORP 09/18/2017 WELLS FARGO SECS LLC 268,192 266,000 266,000 266,000 2,192 2,192 2,450 05/15/2023 1FE 867914-BM-4 SUNTRUST BANKS INC 09/12/2017 PERSHING & COMPANY 1,012,190 1,000,000 998,720 998,740 164 164 998,904 13,286 13,286 21,225 01/27/2022 2FE 871829-BA-4 SYSCO CORP 07/27/2017 MITSUBISHI UFJ SECS 3,036,330 3,000,000 2,998,440 2,998,649 162 162 2,998,812 37,518 37,518 77,708 07/15/2021 2FE 882508-AZ-7 TEXAS INSTRUMENTS INC 09/06/2017 CITIGROUP GLOBAL MKT 2,252,295 2,250,000 2,242,103 2,244,646 1,074 1,074 2,245,720 6,575 6,575 33,578 05/01/2020 1FE STATEMENT AS OF SEPTEMBER 30, 2017 OF THE Citizens Property Insurance Corporation SCHEDULE D - PART 4 Show All Long-Term Bonds and Stock Sold, Redeemed or Otherwise Disposed of During the Current Quarter 1 2 3 4 5 6 7 8 9 10 Change in Book/Adjusted Carrying Value 16 17 18 19 20 21 22

11 12 13 14 15 F NAIC o Desig- r Current Year’s Book/ Bond nation e Prior Year Unrealized Other Than Total Foreign Adjusted Foreign Interest/Stock Stated or CUSIP i Number of Book/Adjusted Valuation Current Year’s Temporary Total Change in Exchange Carrying Value Exchange Gain Realized Gain Total Gain Dividends Contractual Market Identi- g Disposal Shares of Carrying Increase/ (Amortization)/ Impairment B./A.C.V. Change in at (Loss) on (Loss) on (Loss) on Received Maturity Indicator fication Description n Date Name of Purchaser Stock Consideration Par Value Actual Cost Value (Decrease) Accretion Recognized (11+12-13) B./A.C.V. Disposal Date Disposal Disposal Disposal During Year Date (a) TOYOTA AUTO RECEIVABLES 89231T-AD-2 2015-C OWNER TRU 09/15/2017 PAYDOWN 661,537 661,537 661,899 (362) (362) 661,537 5,892 06/17/2019 1FE 89236T-CX-1 TOYOTA MOTOR CREDIT CORP 09/07/2017 NON-BROKER TRADE, BO 998,770 1,000,000 999,013 445 445 999,458 (688) (688) 11,167 04/06/2018 1FE 89236T-CZ-6 TOYOTA MOTOR CREDIT CORP 09/07/2017 VARIOUS 4,005,618 4,010,000 4,002,582 4,003,626 973 973 4,004,599 1,019 1,019 69,130 04/08/2021 1FE 89236T-DR-3 TOYOTA MOTOR CREDIT CORP 09/06/2017 WELLS FARGO SECS LLC 4,311,142 4,157,000 4,143,240 786 786 4,144,026 167,116 167,116 88,313 01/11/2027 1FE 89236T-DW-2 TOYOTA MOTOR CREDIT CORP 09/07/2017 VARIOUS 1,542,645 1,500,000 1,499,250 39 39 1,499,289 43,356 43,356 17,400 04/17/2024 1FE TOYOTA AUTO RECEIVABLES 89238M-AD-0 2017-A OWNER TRU 09/19/2017 JP MORGAN CHASE BANK 605,000 605,000 604,929 20 20 604,948 52 52 5,379 02/16/2021 1FE 89837L-AC-9 PRINCETON UNIVERSITY 07/19/2017 RAYMOND JAMES & ASSO 3,465,000 3,500,000 3,500,000 3,500,000 3,500,000 (35,000) (35,000) 68,701 07/01/2021 1FE 21ST CENTURY FOX AMERICA 90131H-AL-9 INC 08/22/2017 BARCLAYS CAPITAL FIX 1,587,223 1,526,000 1,697,492 1,634,370 (50,349) (50,349) 1,584,021 3,202 3,202 84,820 05/18/2018 2FE 902494-BB-8 TYSON FOODS INC 09/06/2017 J.P. MORGAN SECURITI 1,912,129 1,905,000 1,905,000 1,905,000 7,129 7,129 9,161 06/02/2020 2FE 902494-BC-6 TYSON FOODS INC 09/06/2017 MORGAN STANLEY & CO 3,844,893 3,750,000 3,743,738 106 106 3,743,844 101,049 101,049 27,019 06/02/2027 2FE 90261X-EM-0 UBS AG/STAMFORD CT 08/24/2017 NON-BROKER TRADE, BO 1,013,400 1,000,000 1,045,312 1,041,563 (28,245) (28,245) 1,013,319 81 81 40,635 12/20/2017 1FE 90261X-HD-7 UBS AG/STAMFORD CT 08/14/2017 MATURITY 800,000 800,000 800,000 800,000 800,000 8,612 08/14/2017 1FE 90261X-HH-8 UBS AG/STAMFORD CT 09/06/2017 VARIOUS 8,242,723 8,230,000 8,219,394 8,225,575 2,272 2,272 8,227,847 14,876 14,876 133,948 03/26/2018 1FE 90261X-HJ-4 UBS AG/STAMFORD CT 09/27/2017 NON-BROKER TRADE, BO 3,009,075 3,000,000 3,000,942 3,000,621 (373) (373) 3,000,248 8,827 8,827 42,444 03/26/2018 1FE 90331H-MM-2 US BANK NA/CINCINNATI OH 09/28/2017 JPM SECURITIES-FIXED 1,007,142 1,000,000 1,000,000 1,000,000 1,000,000 7,142 7,142 14,755 10/28/2019 1FE 90331H-MZ-3 US BANK NA/CINCINNATI OH 08/30/2017 BK OF NY/MIZUHO SECU 301,348 300,000 300,000 300,000 300,000 1,348 1,348 3,858 04/26/2019 1FE 90521A-PJ-1 MUFG UNION BANK NA 09/06/2017 GOLDMAN SACHS & CO 2,017,680 2,000,000 2,056,900 2,021,158 (8,685) (8,685) 2,012,473 5,207 5,207 49,875 09/26/2018 1FE 907818-EP-9 UNION PACIFIC CORP 09/06/2017 BANC/AMERICA SECUR.L 2,038,340 2,000,000 1,972,160 1,015 1,015 1,973,175 65,165 65,165 25,500 04/15/2027 1FE 911312-AP-1 UNITED PARCEL SERVICE INC 07/06/2017 GOLDMAN SACHS & CO 389,828 390,000 389,357 389,902 69 69 389,970 (142) (142) 3,413 10/01/2017 1FE 911312-BC-9 UNITED PARCEL SERVICE INC 09/07/2017 VARIOUS 1,472,939 1,450,000 1,447,956 124 124 1,448,080 24,859 24,859 10,885 05/16/2022 1FE 91159H-HC-7 US BANCORP 09/07/2017 U.S. BANCORP INVESTM 2,077,640 2,000,000 2,079,260 2,077,440 (9,942) (9,942) 2,067,498 10,142 10,142 59,333 03/15/2022 1FE

E 91159H-HR-4 US BANCORP 09/06/2017 US BANKCORP INVESTME 3,420,518 3,350,000 3,347,990 63 63 3,348,053 72,464 72,464 38,399 04/27/2027 1FE

0 913017-CF-4 UNITED TECHNOLOGIES CORP 09/19/2017 VARIOUS 1,308,631 1,316,000 1,314,658 1,314,732 316 316 1,315,047 (6,416) (6,416) 17,461 11/01/2019 1FE 913017-CH-0 UNITED TECHNOLOGIES CORP 09/18/2017 JPM SECURITIES-FIXED 94,195 97,000 96,805 96,808 12 12 96,820 (2,626) (2,626) 2,278 11/01/2026 1FE 5 913017-CK-3 UNITED TECHNOLOGIES CORP 09/18/2017 NON-BROKER TRADE, BO 2,009,766 2,000,000 2,014,560 (2,651) (2,651) 2,011,909 (2,143) (2,143) 19,130 11/01/2019 1FE .

1 913017-CR-8 UNITED TECHNOLOGIES CORP 09/12/2017 VARIOUS 4,038,260 4,000,000 4,000,000 4,000,000 38,260 38,260 43,576 05/04/2027 1FE

3 91324P-CB-6 UNITEDHEALTH GROUP INC 09/18/2017 TORONTO DOMINION SEC 1,118,410 1,120,000 1,116,830 968 968 1,117,799 611 611 18,453 03/15/2019 1FE 91324P-CF-7 UNITEDHEALTH GROUP INC 08/24/2017 CANTOR FITZGERALD & 1,039,594 1,040,000 1,042,504 1,040,849 (585) (585) 1,040,263 (669) (669) 10,273 12/15/2017 1FE 91324P-CL-4 UNITEDHEALTH GROUP INC 08/24/2017 MORGAN STANLEY & CO 280,806 280,000 279,644 279,814 79 79 279,893 914 914 5,955 07/16/2018 1FE 91324P-CM-2 UNITEDHEALTH GROUP INC 08/24/2017 VARIOUS 5,539,033 5,410,000 5,406,754 5,407,649 365 365 5,408,014 131,018 131,018 151,173 07/15/2020 1FE 91324P-CP-5 UNITEDHEALTH GROUP INC 09/06/2017 BARCLAYS CAPITAL FIX 1,065,220 1,000,000 1,036,770 1,033,684 (2,380) (2,380) 1,031,303 33,917 33,917 43,021 07/15/2025 1FE 91324P-CU-4 UNITEDHEALTH GROUP INC 08/07/2017 PERSHING & COMPANY 600,840 600,000 603,870 603,352 (474) (474) 602,878 (2,038) (2,038) 11,510 03/15/2021 1FE 91412N-AQ-3 UNIVERSITY OF CHICAGO/THE 07/25/2017 RAYMOND JAMES & ASSO 6,152,302 6,115,000 6,115,000 6,115,000 6,115,000 37,302 37,302 123,246 10/01/2020 1FE 91913Y-AN-0 VALERO ENERGY CORP 08/28/2017 PERSHING & COMPANY 1,109,310 1,000,000 1,150,750 (41,064) (41,064) 1,109,686 (376) (376) 90,104 03/15/2019 2FE 91913Y-AU-4 VALERO ENERGY CORP 09/06/2017 GOLDMAN SACHS & CO 995,070 1,000,000 966,970 1,070 1,070 968,040 27,030 27,030 16,339 09/15/2026 2FE VERIZON COMMUNICATIONS 92343V-BP-8 INC 09/22/2017 CALL 101.961 2,000,000 2,000,000 2,052,780 (17,774) (17,774) 2,035,006 (35,006) (35,006) 77,342 09/14/2018 2FE VERIZON COMMUNICATIONS 92343V-DY-7 INC 09/06/2017 PERSHING & COMPANY 2,082,520 2,000,000 1,985,120 579 579 1,985,699 96,821 96,821 39,417 03/16/2027 2FE 92826C-AB-8 VISA INC 08/17/2017 CITIGROUP GLOBAL MKT 4,039,760 4,000,000 3,978,080 3,978,225 3,391 3,391 3,981,617 58,143 58,143 60,622 12/14/2020 1FE 929089-AD-2 VOYA FINANCIAL INC 09/06/2017 BARCLAYS CAPITAL INC 3,754,463 3,750,000 3,738,713 256 256 3,738,968 15,494 15,494 20,508 07/15/2024 2FE 949746-RS-2 WELLS FARGO & CO 09/06/2017 GOLDMAN SACHS & CO 3,032,620 3,000,000 2,999,310 2,999,419 91 91 2,999,510 33,110 33,110 75,833 03/04/2021 1FE 949746-SH-5 WELLS FARGO & CO 09/06/2017 WELLS FARGO SECS LLC 5,923,320 6,000,000 5,721,060 15,795 15,795 5,736,855 186,465 186,465 156,500 10/23/2026 1FE 94974B-FG-0 WELLS FARGO & CO 09/06/2017 NON-BROKER TRADE, BO 879,965 880,000 878,610 878,665 880 880 879,545 420 420 15,107 01/16/2018 1FE 94974B-GC-8 WELLS FARGO & CO 09/08/2017 MATURITY 2,400,000 2,400,000 2,390,112 2,396,888 3,112 3,112 2,400,000 24,716 09/08/2017 1FE 94974B-GF-1 WELLS FARGO & CO 07/17/2017 WELLS FARGO SECS LLC 1,506,000 1,500,000 1,497,960 1,498,716 224 224 1,498,940 7,060 7,060 31,354 01/30/2020 1FE 94974B-GM-6 WELLS FARGO & CO 07/17/2017 WELLS FARGO SECS LLC 4,060,580 4,000,000 4,017,493 4,015,237 (2,295) (2,295) 4,012,942 47,638 47,638 103,422 07/22/2020 1FE 94974B-GP-9 WELLS FARGO & CO 09/18/2017 WELLS FARGO SECS LLC 2,312,393 2,250,000 2,334,353 2,327,672 (5,602) (5,602) 2,322,070 (9,677) (9,677) 77,878 09/29/2025 1FE 94974B-GR-5 WELLS FARGO & CO 07/17/2017 BARCLAYS CAPITAL INC 1,517,535 1,500,000 1,498,395 1,498,721 171 171 1,498,892 18,643 18,643 23,694 12/07/2020 1FE 94988J-5D-5 WELLS FARGO BANK NA 07/17/2017 WELLS FARGO SECS LLC 2,001,980 2,000,000 1,999,140 1,999,305 157 157 1,999,462 2,518 2,518 22,944 05/24/2019 1FE 94988J-5F-0 WELLS FARGO BANK NA 09/19/2017 NON-BROKER TRADE, BO 500,465 500,000 499,585 499,599 149 149 499,748 717 717 7,025 11/28/2018 1FE 94988J-5J-2 WELLS FARGO BANK NA 09/15/2017 NON-BROKER TRADE, BO 2,827,404 2,800,000 2,800,000 2,800,000 2,800,000 27,404 27,404 38,866 12/06/2019 1FE 976657-AK-2 WEC ENERGY GROUP INC 07/11/2017 GOLDMAN SACHS & CO 3,027,270 3,000,000 2,994,510 2,996,147 573 573 2,996,720 30,550 30,550 42,671 06/15/2020 2FE WORLD OMNI AUTO 98160Y-AD-7 RECEIVABLES TRUST 2015-B 08/15/2017 JPM SECURITIES-FIXED 2,823,676 2,825,000 2,828,862 2,828,692 (1,420) (1,420) 2,827,272 (3,596) (3,596) 28,412 12/15/2020 1FE WORLD OMNI AUTO 98162E-AC-1 RECEIVABLES TRUST 2017-A 09/18/2017 WELLS FARGO SECS LLC 1,267,286 1,266,000 1,265,757 42 42 1,265,799 1,487 1,487 10,249 09/15/2022 1FE 983919-AJ-0 XILINX INC 07/28/2017 MERRILL LYNCH PIERCE 5,047,100 5,000,000 4,994,350 124 124 4,994,474 52,626 52,626 24,993 06/01/2024 1FE 06366R-U8-6 BANK OF MONTREAL A 09/15/2017 NON-BROKER TRADE, BO 5,021,570 5,000,000 5,019,200 5,018,875 (8,507) (8,507) 5,010,368 11,202 11,202 75,560 07/31/2018 1FE 06366R-VE-2 BANK OF MONTREAL A 07/14/2017 MATURITY 1,000,000 1,000,000 1,000,060 1,000,016 (16) (16) 1,000,000 9,607 07/14/2017 1FE 06367T-HQ-6 BANK OF MONTREAL A 07/26/2017 BAIRD ROBERT W & CO 1,987,900 2,000,000 1,998,080 1,998,365 368 368 1,998,733 (10,833) (10,833) 31,083 07/18/2019 1FE 06367T-JW-1 BANK OF MONTREAL A 08/02/2017 VARIOUS 3,988,120 4,000,000 3,999,840 3,999,867 46 46 3,999,914 (11,794) (11,794) 50,025 08/28/2018 1FE 06367T-PX-2 BANK OF MONTREAL A 09/07/2017 GOLDMAN SACHS & CO 1,258,150 1,250,000 1,249,463 1,249,472 121 121 1,249,594 8,556 8,556 19,615 12/12/2019 1FE 064159-BE-5 BANK OF NOVA SCOTIA/THE A 07/06/2017 SCOTIA CAITAL (USA) 502,759 503,000 502,442 502,890 60 60 502,950 (191) (191) 3,900 12/18/2017 1FE 064159-GM-2 BANK OF NOVA SCOTIA/THE A 09/07/2017 VARIOUS 4,605,848 4,600,000 4,597,838 4,598,947 406 406 4,599,353 6,495 6,495 48,422 06/11/2018 1FE STATEMENT AS OF SEPTEMBER 30, 2017 OF THE Citizens Property Insurance Corporation SCHEDULE D - PART 4 Show All Long-Term Bonds and Stock Sold, Redeemed or Otherwise Disposed of During the Current Quarter 1 2 3 4 5 6 7 8 9 10 Change in Book/Adjusted Carrying Value 16 17 18 19 20 21 22

11 12 13 14 15 F NAIC o Desig- r Current Year’s Book/ Bond nation e Prior Year Unrealized Other Than Total Foreign Adjusted Foreign Interest/Stock Stated or CUSIP i Number of Book/Adjusted Valuation Current Year’s Temporary Total Change in Exchange Carrying Value Exchange Gain Realized Gain Total Gain Dividends Contractual Market Identi- g Disposal Shares of Carrying Increase/ (Amortization)/ Impairment B./A.C.V. Change in at (Loss) on (Loss) on (Loss) on Received Maturity Indicator fication Description n Date Name of Purchaser Stock Consideration Par Value Actual Cost Value (Decrease) Accretion Recognized (11+12-13) B./A.C.V. Disposal Date Disposal Disposal Disposal During Year Date (a) 064159-HC-3 BANK OF NOVA SCOTIA/THE A 09/06/2017 HSBC SECURITIES INC. 1,758,453 1,750,000 1,747,918 1,748,572 476 476 1,749,048 9,405 9,405 39,149 01/15/2019 1FE 064159-HT-6 BANK OF NOVA SCOTIA/THE A 07/26/2017 NBC CLEARING SERVICE 1,695,172 1,700,000 1,699,898 1,699,916 19 19 1,699,936 (4,764) (4,764) 17,687 06/14/2019 1FE 064159-JX-5 BANK OF NOVA SCOTIA/THE A 09/06/2017 JP MORGAN CHASE BANK 2,518,425 2,500,000 2,499,650 18 18 2,499,668 18,757 18,757 8,510 07/14/2020 1FE BANK OF NOVA 06417G-TK-4 SCOTIA/HOUSTON A 09/27/2017 NON-BROKER TRADE, BO 1,502,490 1,500,000 1,498,425 649 649 1,499,074 3,416 3,416 14,117 08/14/2018 1FE CANADIAN IMPERIAL BANK OF 13607R-AB-6 COMMERCE A 07/26/2017 NBC CLEARING SERVICE 1,984,700 2,000,000 1,999,640 1,999,678 68 68 1,999,746 (15,046) (15,046) 28,889 09/06/2019 1FE 78010U-4B-0 ROYAL BANK OF CANADA A 09/06/2017 NON-BROKER TRADE, BO 6,701,608 6,700,000 6,675,344 6,687,812 10,701 10,701 6,698,513 3,095 3,095 81,499 10/13/2017 1FE 78012K-5K-9 ROYAL BANK OF CANADA A 09/18/2017 NON-BROKER TRADE, BO 5,001,550 5,000,000 5,000,000 5,000,000 1,550 1,550 4,542 08/29/2019 1FE 78012K-YU-5 ROYAL BANK OF CANADA A 09/06/2017 MARKETAXESS CORP 1,003,494 1,000,000 1,000,000 1,000,000 3,494 3,494 10,367 01/10/2019 1FE 89114Q-BG-2 TORONTO-DOMINION BANK/THE A 09/18/2017 TORONTO DOMINION SEC 6,774,069 6,778,000 6,755,803 5,818,355 2,722 2,722 6,760,104 13,965 13,965 124,966 04/07/2021 1FE 89352H-AP-4 TRANSCANADA PIPELINES LTD A 09/18/2017 NON-BROKER TRADE, BO 2,505,235 2,500,000 2,500,000 2,500,000 2,500,000 5,235 5,235 44,260 01/12/2018 1FE AUSTRALIA & NEW ZEALAND 05253J-AG-6 BANKING GROUP LT D 09/27/2017 DEUTSCHE BANC/ALEX B 2,013,915 2,000,000 1,997,360 1,998,670 371 371 1,999,042 14,873 14,873 33,719 06/13/2019 1FE AUSTRALIA & NEW ZEALAND 05253J-AK-7 BANKING GROUP LT D 09/06/2017 MERRILL LYNCH PIERCE 4,447,353 4,350,000 4,420,546 4,410,242 (10,317) (10,317) 4,399,925 47,428 47,428 95,265 11/16/2020 1FE AUSTRALIA & NEW ZEALAND 05253J-AN-1 BANKING GROUP LT D 07/26/2017 PIERPONT SECURITIES 1,743,473 1,750,000 1,749,843 1,749,866 30 30 1,749,896 (6,424) (6,424) 29,244 07/15/2019 1FE BHP BILLITON FINANCE USA 055451-AU-2 LTD D 09/01/2017 NON-BROKER/ *TRADE*, 1,638,495 1,500,000 1,612,380 (886) (886) 1,611,494 27,001 27,001 25,988 09/30/2023 1FE 05565Q-CE-6 BP CAPITAL MARKETS PLC D 07/26/2017 US BANKCORP INVESTME 1,247,338 1,250,000 1,246,513 1,249,029 412 412 1,249,442 (2,104) (2,104) 12,461 05/10/2018 1FE 05565Q-CH-9 BP CAPITAL MARKETS PLC D 09/06/2017 BK OF NY/MIZUHO SECU 502,860 500,000 502,190 500,979 (384) (384) 500,595 2,265 2,265 6,217 09/26/2018 1FE 05565Q-CQ-9 BP CAPITAL MARKETS PLC D 09/06/2017 PERSHING & COMPANY 623,883 620,000 620,614 620,315 (91) (91) 620,224 3,659 3,659 8,322 05/10/2019 1FE 05565Q-CW-6 BP CAPITAL MARKETS PLC D 09/15/2017 NON-BROKER TRADE, BO 2,503,520 2,500,000 2,501,175 2,500,444 (284) (284) 2,500,160 3,360 3,360 32,094 02/13/2018 1FE

E 05565Q-CX-4 BP CAPITAL MARKETS PLC D 09/08/2017 VARIOUS 2,556,537 2,525,000 2,546,514 (4,067) (4,067) 2,542,447 14,090 14,090 33,936 02/13/2020 1FE

0 05565Q-CY-2 BP CAPITAL MARKETS PLC D 08/14/2017 VARIOUS 3,340,112 3,337,000 3,359,660 3,346,307 (5,076) (5,076) 3,341,230 (1,119) (1,119) 55,748 02/13/2018 1FE 05574L-TX-6 BNP PARIBAS SA D 09/06/2017 VARIOUS 3,026,500 3,000,000 3,025,531 3,012,410 (4,322) (4,322) 3,008,087 18,413 18,413 53,200 12/12/2018 1FE 5 05578D-AQ-5 BPCE SA D 09/06/2017 VARIOUS 2,200,305 2,200,000 2,193,466 2,197,634 1,356 1,356 2,198,990 1,315 1,315 37,384 01/26/2018 1FE .

1 05579T-ED-4 BNP PARIBAS SA D 08/02/2017 PIERPONT SECURITIES 3,642,840 3,600,000 3,610,468 3,609,269 (1,592) (1,592) 3,607,678 35,162 35,162 60,800 05/21/2020 1FE

4 056752-AH-1 BAIDU INC D 07/05/2017 JP MORGAN CHASE BANK 572,401 575,000 571,953 6 6 571,959 442 442 184 07/06/2022 1FE BRITISH 111021-AK-7 TELECOMMUNICATIONS PLC D 07/14/2017 PERSHING & COMPANY 1,509,915 1,500,000 1,534,485 1,529,819 (7,622) (7,622) 1,522,197 (12,282) (12,282) 32,802 02/14/2019 2FE COOPERATIEVE RABOBANK 21688A-AG-7 UA/NY D 09/18/2017 NON-BROKER TRADE, BO 843,302 850,000 847,544 847,860 581 581 848,441 (5,139) (5,139) 12,986 08/09/2019 1FE CREDIT SUISSE AG/NEW YORK 22546Q-AP-2 NY D 09/06/2017 NON-BROKER TRADE, BO 2,619,300 2,500,000 2,522,125 2,520,222 (1,583) (1,583) 2,518,639 100,661 100,661 90,373 09/09/2024 1FE CREDIT SUISSE AG/NEW YORK 22546Q-AT-4 NY D 09/06/2017 VARIOUS 2,621,792 2,620,000 2,619,460 1,619,657 (31) (31) 2,620,027 1,765 1,765 50,501 01/29/2018 1FE CREDIT SUISSE AG/NEW YORK 22546Q-AV-9 NY D 09/18/2017 VARIOUS 4,351,161 4,350,000 4,341,300 4,345,617 2,196 2,196 4,347,813 3,348 3,348 58,445 04/27/2018 1FE 404280-AW-9 HSBC HOLDINGS PLC D 09/06/2017 NON-BROKER TRADE, BO 1,885,240 1,750,000 1,835,470 1,830,878 (5,111) (5,111) 1,825,767 59,473 59,473 75,250 03/08/2026 1FE 404280-BK-4 HSBC HOLDINGS PLC D 09/06/2017 NON-BROKER TRADE, BO 1,050,730 1,000,000 1,000,000 1,000,000 50,730 50,730 19,644 03/13/2028 1FE 456837-AJ-2 ING GROEP NV D 09/06/2017 BARCLAYS CAPITAL INC 1,776,448 1,750,000 1,750,000 1,750,000 26,448 26,448 18,733 03/29/2022 1FE 53944V-AG-4 LLOYDS BANK PLC D 09/18/2017 VARIOUS 1,107,281 1,106,000 1,105,274 505,775 238 238 1,105,774 1,507 1,507 16,423 05/14/2018 1FE 53944V-AJ-8 LLOYDS BANK PLC D 09/27/2017 NON-BROKER TRADE, BO 1,505,060 1,500,000 1,503,900 1,503,818 (1,713) (1,713) 1,502,106 2,954 2,954 33,222 08/17/2018 1FE MITSUBISHI UFJ FINANCIAL 606822-AG-9 GROUP INC D 07/19/2017 MITSUBISHI UFJ SECS 988,650 1,000,000 1,000,000 1,000,000 1,000,000 (11,350) (11,350) 18,919 09/13/2021 1FE MITSUBISHI UFJ FINANCIAL 606822-AL-8 GROUP INC D 09/18/2017 PERSHING & COMPANY 217,766 214,000 214,000 214,000 3,766 3,766 3,707 02/22/2022 1FE MITSUBISHI UFJ FINANCIAL 606822-AP-9 GROUP INC D 09/18/2017 PERSHING & COMPANY 201,042 201,000 201,271 (8) (8) 201,263 (221) (221) 818 07/25/2022 1FE MITSUBISHI UFJ FINANCIAL 606822-AR-5 GROUP INC D 09/06/2017 JP MORGAN CHASE BANK 5,062,750 5,000,000 5,000,000 5,000,000 62,750 62,750 19,631 07/25/2027 1FE COOPERATIEVE RABOBANK 74977E-PZ-0 UA/NY D 09/06/2017 NON-BROKER TRADE, BO 1,001,500 1,000,000 1,001,030 (561) (561) 1,000,469 1,031 1,031 16,481 03/19/2018 1FE SHELL INTERNATIONAL 822582-BD-3 FINANCE BV D 09/12/2017 BANC/AMERICA SECUR.L 1,533,736 1,487,000 1,480,963 398 398 1,481,361 52,376 52,376 40,676 05/11/2025 1FE SHELL INTERNATIONAL 822582-BG-6 FINANCE BV D 09/06/2017 GOLDMAN SACHS & CO 10,102,280 10,000,000 9,978,800 9,985,509 2,839 2,839 9,988,348 113,932 113,932 173,660 05/11/2020 1FE SHELL INTERNATIONAL 822582-BK-7 FINANCE BV D 08/09/2017 NON-BROKER TRADE, BO 499,865 500,000 499,155 499,636 262 262 499,898 (33) (33) 4,757 11/10/2017 1FE SHELL INTERNATIONAL 822582-BM-3 FINANCE BV D 09/18/2017 BNP PARIBAS SEC CORP 2,597,309 2,595,000 2,586,462 2,589,666 2,003 2,003 2,591,669 5,639 5,639 35,719 11/10/2018 1FE SHELL INTERNATIONAL 822582-BS-0 FINANCE BV D 09/06/2017 BANC/AMERICA SECUR.L 4,995,550 5,000,000 4,972,750 4,976,111 3,623 3,623 4,979,734 15,816 15,816 77,604 05/10/2021 1FE 83368R-AD-4 SOCIETE GENERALE SA D 09/27/2017 NON-BROKER TRADE, BO 2,018,120 2,000,000 2,027,200 2,026,501 (10,944) (10,944) 2,015,556 2,564 2,564 51,479 10/01/2018 1FE 85771P-AB-8 STATOIL ASA D 08/17/2017 MATURITY 3,800,000 3,800,000 4,006,112 3,843,147 (43,147) (43,147) 3,800,000 118,750 08/17/2017 1FE 85771P-AM-4 STATOIL ASA D 09/28/2017 BK OF NY/MIZUHO SECU 1,001,815 1,000,000 1,001,170 1,000,440 (241) (241) 1,000,200 1,615 1,615 12,242 05/15/2018 1FE STATEMENT AS OF SEPTEMBER 30, 2017 OF THE Citizens Property Insurance Corporation SCHEDULE D - PART 4 Show All Long-Term Bonds and Stock Sold, Redeemed or Otherwise Disposed of During the Current Quarter 1 2 3 4 5 6 7 8 9 10 Change in Book/Adjusted Carrying Value 16 17 18 19 20 21 22

11 12 13 14 15 F NAIC o Desig- r Current Year’s Book/ Bond nation e Prior Year Unrealized Other Than Total Foreign Adjusted Foreign Interest/Stock Stated or CUSIP i Number of Book/Adjusted Valuation Current Year’s Temporary Total Change in Exchange Carrying Value Exchange Gain Realized Gain Total Gain Dividends Contractual Market Identi- g Disposal Shares of Carrying Increase/ (Amortization)/ Impairment B./A.C.V. Change in at (Loss) on (Loss) on (Loss) on Received Maturity Indicator fication Description n Date Name of Purchaser Stock Consideration Par Value Actual Cost Value (Decrease) Accretion Recognized (11+12-13) B./A.C.V. Disposal Date Disposal Disposal Disposal During Year Date (a) 85771P-AW-2 STATOIL ASA D 09/15/2017 MORGAN STANLEY & CO 813,139 805,000 804,662 804,802 48 48 804,851 8,288 8,288 15,647 11/08/2019 1FE SUMITOMO MITSUI BANKING 865622-BQ-6 CORP D 07/27/2017 MILLENNIUM ADVISORS 250,258 250,000 249,890 249,961 22 22 249,983 275 275 4,557 01/16/2018 1FE SUMITOMO MITSUI BANKING 865622-BT-0 CORP D 08/09/2017 PERSHING & COMPANY 701,799 700,000 699,531 699,753 97 97 699,850 1,949 1,949 14,446 07/23/2018 1FE SUMITOMO MITSUI BANKING 865622-BV-5 CORP D 09/06/2017 JP MORGAN CHASE BANK 7,366,708 7,250,000 7,248,985 7,249,264 129 129 7,249,393 117,314 117,314 209,019 07/23/2020 1FE SUMITOMO MITSUI FINANCIAL 86562M-AD-2 GROUP INC D 09/06/2017 PERSHING & COMPANY 1,033,021 1,000,000 1,000,000 1,000,000 1,000,000 33,021 33,021 21,033 03/09/2021 1FE 86960B-AJ-1 SVENSKA HANDELSBANKEN AB D 09/05/2017 UBS SECURITIES LLC 7,250,815 7,150,000 7,231,202 7,219,787 (12,328) (12,328) 7,207,458 43,357 43,357 160,160 10/01/2020 1FE 86960B-AN-2 SVENSKA HANDELSBANKEN AB D 09/18/2017 NON-BROKER TRADE, BO 1,489,800 1,500,000 1,496,145 1,496,549 904 904 1,497,453 (7,653) (7,653) 23,250 09/06/2019 1FE TEVA PHARMACEUTICAL 88167A-AC-5 FINANCE NETHERLANDS D 08/08/2017 RBC CAPITAL MARKETS 1,291,910 1,350,000 1,292,342 6,350 6,350 1,298,692 (6,782) (6,782) 16,500 07/21/2021 2FE TEVA PHARMACEUTICAL 88167A-AE-1 FINANCE NETHERLANDS D 07/17/2017 DEUTSCHE BANC/ALEX B 4,039,363 4,240,000 3,930,965 2,938,077 14,153 14,153 3,946,488 92,876 92,876 133,189 10/01/2026 2FE TOTAL CAPITAL 89153V-AM-1 INTERNATIONAL SA D 09/06/2017 SG AMERICAS SECURITI 1,261,663 1,250,000 1,248,350 1,249,163 229 229 1,249,392 12,271 12,271 18,885 06/19/2019 1FE 961214-CG-6 WESTPAC BANKING CORP D 08/07/2017 J.P. MORGAN SECURITI 502,594 500,000 504,630 502,078 (612) (612) 501,465 1,128 1,128 6,816 01/17/2019 1FE 961214-CM-3 WESTPAC BANKING CORP D 07/06/2017 KEYBANC CAPITAL MARK 2,500,000 2,500,000 2,496,950 2,498,560 538 538 2,499,098 902 902 24,326 05/25/2018 1FE 961214-CN-1 WESTPAC BANKING CORP D 09/18/2017 NON-BROKER TRADE, BO 1,854,188 1,850,000 1,850,000 1,850,000 1,850,000 4,188 4,188 23,095 05/25/2018 1FE 961214-CP-6 WESTPAC BANKING CORP D 07/18/2017 MORGAN STANLEY & CO 3,017,700 3,000,000 2,997,030 2,997,943 324 324 2,998,267 19,433 19,433 45,042 05/26/2020 1FE 961214-CS-0 WESTPAC BANKING CORP D 09/06/2017 JP MORGAN CHASE BANK 5,091,900 5,000,000 4,996,250 4,997,040 500 500 4,997,540 94,360 94,360 102,917 11/23/2020 1FE 961214-CT-8 WESTPAC BANKING CORP D 09/27/2017 NON-BROKER TRADE, BO 1,046,556 1,050,000 1,049,969 1,049,975 8 8 1,049,983 (3,427) (3,427) 15,208 05/13/2019 1FE 961214-DJ-9 WESTPAC BANKING CORP D 09/06/2017 JP MORGAN CHASE BANK 3,022,410 3,000,000 2,998,710 215 215 2,998,925 23,485 23,485 33,146 03/06/2020 1FE

E 961214-DQ-3 WESTPAC BANKING CORP D 09/06/2017 CREDIT SUISSE FIRST 1,510,080 1,500,000 1,497,555 91 91 1,497,646 12,434 12,434 7,292 06/28/2022 1FE

0 3899999 - Bonds - Industrial and Miscellaneous (Unaffiliated) 1,035,458,003 1,023,231,470 1,028,926,673 697,504,336 (1,158,009) (1,158,009) 1,025,890,661 9,567,342 9,567,342 18,867,297 XXX XXX

5 Bonds - Hybrid Securities .

1 Bonds - Parent, Subsidiaries, and Affiliates

5 Bonds - SVO Identified Funds 8399997 - Subtotals - Bonds - Part 4 2,041,457,465 2,009,591,715 2,040,282,420 1,280,423,478 (1,927) (4,657,609) (4,659,536) 2,023,091,480 18,365,985 18,365,985 35,612,778 XXX XXX 8399999 - Subtotals - Bonds 2,041,457,465 2,009,591,715 2,040,282,420 1,280,423,478 (1,927) (4,657,609) (4,659,536) 2,023,091,480 18,365,985 18,365,985 35,612,778 XXX XXX Preferred Stocks - Industrial and Miscellaneous (Unaffiliated) Preferred Stocks - Parent, Subsidiaries, and Affiliates Common Stocks - Industrial and Miscellaneous (Unaffiliated) Common Stocks - Parent, Subsidiaries, and Affiliates Common Stock - Mutual Funds Common Stocks - Money Market Mutual Funds

9999999 Totals 2,041,457,465 XXX 2,040,282,420 1,280,423,478 (1,927) (4,657,609) (4,659,536) 2,023,091,480 18,365,985 18,365,985 35,612,778 XXX XXX (a) For all common stock bearing the NAIC market indicator "U" provide: the number of such issues . STATEMENT AS OF SEPTEMBER 30, 2017 OF THE Citizens Property Insurance Corporation SCHEDULE DB - PART A - SECTION 1 Showing all Options, Caps, Floors, Collars, Swaps and Forwards Open as of Current Statement Date 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 Description of Item(s) Hedged, Cumulative Current Hedge Used for Strike Price, Prior Year(s) Year Initial Total Effectiveness Income Type(s) Exchange, Rate or Initial Cost Cost of Book/ Unrealized Foreign Adjustment Credit at Inception Generation Schedule/ of Counterparty Date of Index of Premium Premium Adjusted Valuation Exchange Current Year’s To Carrying Quality of and at or Exhibit Risk(s) or Central Maturity or Number of Notional Received (Received) (Received) Current Year Carrying Increase/ Change in (Amortization)/ Value of Potential Reference Quarter-end Description Replicated Identifier (a) Clearinghouse Trade Date Expiration Contracts Amount (Paid) Paid Paid Income Value Code Fair Value (Decrease) B./A.C.V. Accretion Hedged Item Exposure Entity (b) Purchased Options - Hedging Effective - Call Options and Warrants Purchased Options - Hedging Effective - Put Options Purchased Options - Hedging Effective - Caps Purchased Options - Hedging Effective - Floors Purchased Options - Hedging Effective - Collars Purchased Options - Hedging Effective - Other Purchased Options - Hedging Other - Call Options and Warrants Purchased Options - Hedging Other - Put Options Purchased Options - Hedging Other - Caps Purchased Options - Hedging Other - Floors Purchased Options - Hedging Other - Collars Purchased Options - Hedging Other - Other Purchased Options - Replications - Call Options and Warrants Purchased Options - Replications - Put Options Purchased Options - Replications - Caps Purchased Options - Replications - Floors Replications - Collars Purchased Options - Replications - Other Purchased Options - Income Generation - Call Options and Warrants Purchased Options - Income Generation - Put Options Purchased Options - Income Generation - Caps Purchased Options - Income Generation - Floors Purchased Options - Income Generation - Collars Purchased Options - Income Generation - Other E Purchased Options - Other - Call Options and Warrants 0 Purchased Options - Other - Put Options 6 Purchased Options - Other - Caps Purchased Options - Other - Floors Purchased Options - Other - Collars Purchased Options - Other - Other Written Options - Hedging Effective - Call Options and Warrants Written Options - Hedging Effective - Put Options Written Options - Hedging Effective - Caps Written Options - Hedging Effective - Floors Written Options - Hedging Effective - Collars Written Options - Hedging Effective - Other Written Options - Hedging Other - Call Options and Warrants Written Options - Hedging Other - Put Options Written Options - Hedging Other - Caps Written Options - Hedging Other - Floors Written Options - Hedging Other - Collars Written Options - Hedging Other - Other Written Options - Replications - Call Options and Warrants Written Options - Replications - Put Options Written Options - Replications - Caps Written Options - Replications - Floors Written Options - Replications - Collars Written Options - Replications - Other Written Options - Income Generation - Call Options Written Options - Income Generation - Put Options Written Options - Income Generation - Caps Written Options - Income Generation - Floors Written Options - Income Generation - Collars Written Options - Income Generation - Other Written Options - Other - Call Options and Warrants Written Options - Other - Put Options Written Options - Other - Caps Written Options - Other - Floors Written Options - Other - Collars Written Options - Other - Other Swaps - Hedging Effective - Interest Rate Swaps - Hedging Effective - Credit Default Swaps - Hedging Effective - Foreign Exchange Swaps - Hedging Effective - Total Return STATEMENT AS OF SEPTEMBER 30, 2017 OF THE Citizens Property Insurance Corporation SCHEDULE DB - PART A - SECTION 1 Showing all Options, Caps, Floors, Collars, Swaps and Forwards Open as of Current Statement Date 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 Description of Item(s) Hedged, Cumulative Current Hedge Used for Strike Price, Prior Year(s) Year Initial Total Effectiveness Income Type(s) Exchange, Rate or Initial Cost Cost of Book/ Unrealized Foreign Adjustment Credit at Inception Generation Schedule/ of Counterparty Date of Index of Premium Premium Adjusted Valuation Exchange Current Year’s To Carrying Quality of and at or Exhibit Risk(s) or Central Maturity or Number of Notional Received (Received) (Received) Current Year Carrying Increase/ Change in (Amortization)/ Value of Potential Reference Quarter-end Description Replicated Identifier (a) Clearinghouse Trade Date Expiration Contracts Amount (Paid) Paid Paid Income Value Code Fair Value (Decrease) B./A.C.V. Accretion Hedged Item Exposure Entity (b) Swaps - Hedging Effective - Other Swaps - Hedging Other - Interest Rate Swaps - Swaps - Hedging Other - Credit Default Swaps - Hedging Other - Foreign Exchange Swaps - Hedging Other - Total Return Swaps - Hedging Other - Other Swaps - Replication - Interest Rate Swaps - Replication - Credit Default Swaps - Replication - Foreign Exchange Swaps - Replication - Total Return Swaps - Replication - Other Swaps - Swaps - Income Generation - Interest Rate Swaps - Income Generation - Credit Default Swaps - Income Generation - Foreign Exchange Swaps - Income Generation - Total Return Swaps - Income Generation - Other Swaps - Other - Interest Rate Swaps - Other - Credit Default Swaps - Other - Foreign Exchange Swaps - Other - Total Return Swaps - Other - Other Forwards - Hedging Effective Forwards - Hedging Other Forwards - Replication E Forwards - Income Generation 0 Forwards - Other 6 . 1

1269999 Subtotal - Forwards XXX XXX XXX 1399999 Subtotal - Hedging Effective XXX XXX XXX 1409999 Subtotal - Hedging Other XXX XXX XXX 1419999 Subtotal - Replication XXX XXX XXX 1429999 Subtotal - Income Generation XXX XXX XXX 1439999 Subtotal - Other XXX XXX XXX 1449999 Totals XXX XXX XXX

(a) Code Description of Hedged Risk(s)

(b) Code Financial or Economic Impact of the Hedge at the End of the Reporting Period STATEMENT AS OF SEPTEMBER 30, 2017 OF THE Citizens Property Insurance Corporation SCHEDULE DB - PART B - SECTION 1 Future Contracts Open as of the Current Statement Date 1 2 3 4 5 6 7 8 9 10 11 12 13 14 Highly Effective Hedges 18 19 20 21 22 Description 15 16 17 of Hedged Change in Items(s) Variation Change in Hedged, Margin Variation Hedge Used for Gain (Loss) Cumulative Margin Effectiveness Value Income Book/ Used to Variation Gain (Loss) at Inception of Generation Schedule/ Type(s) of Date of Adjusted Cumulative Deferred Adjust Basis Margin for Recognized and at One Ticker Number of Notional or Exhibit Risk(s) Maturity or Transaction Reporting Fair Carrying Variation Variation of Hedged All Other in Current Potential Quarter-end (1) Symbol Contracts Amount Description Replicated Identifier (a) Expiration Exchange Trade Date Price Date Price Value Value Margin Margin Item Hedges Year Exposure (b) Point Long Futures - Hedging Effective Long Futures - Hedging Other Long Futures - Replication Long Futures - Income Generation Long Futures - Other Short Futures - Hedging Effective Short Futures - Hedging Other Short Futures - Replication Short Futures - Income Generation Short Futures - Other

1449999 – Totals XXX XXX E

0 Broker Name Beginning Cash Balance Cumulative Cash Change Ending Cash Balance 7

Total Net Cash Deposits

(a) Code Description of Hedged Risk(s)

(b) Code Financial or Economic Impact of the Hedge at the End of the Reporting Period STATEMENT AS OF SEPTEMBER 30, 2017 OF THE Citizens Property Insurance Corporation SCHEDULE DB - PART D - SECTION 1 Counterparty Exposure for Derivative Instruments Open as of Current Statement Date 1 2 3 4 Book/Adjusted Carrying Value Fair Value 11 12 5 6 7 8 9 10 Description of Exchange, Master Credit Support Contracts With Contracts With Counterparty or Central Agreement Annex Fair Value of Book/Adjusted Book/Adjusted Exposure Net of Contracts With Fair Contracts With Fair Exposure Net of Off-Balance Sheet Clearinghouse (Y or N) (Y or N) Acceptable Collateral Carrying Value >0 Carrying Value <0 Collateral Value >0 Value <0 Collateral Potential Exposure Exposure NAIC 1 Designation NAIC 2 Designation NAIC 3 Designation NAIC 4 Designation NAIC 5 Designation NAIC 6 Designation

0999999 Gross Totals 1. Offset per SSAP No. 64 2. Net after right of offset per SSAP No. 64 E 0 8 STATEMENT AS OF SEPTEMBER 30, 2017 OF THE Citizens Property Insurance Corporation SCHEDULE DB - PART D - SECTION 2 Collateral for Derivative Instruments Open as of Current Statement Date

Collateral Pledged by Reporting Entity

1 2 3 4 5 6 7 8 9 Exchange, Counterparty or Central Type of Asset CUSIP Book/Adjusted Type of Margin Clearinghouse Pledged Identification Description Fair Value Par Value Carrying Value Maturity Date (I, V or IV)

0199999 Total XXX XXX

Collateral Pledged to Reporting Entity

1 2 3 4 5 6 7 8 9 Exchange, Counterparty or Central Type of Asset CUSIP Book/Adjusted Type of Margin Clearinghouse Pledged Identification Description Fair Value Par Value Carrying Value Maturity Date (I, V or IV) XXX XXX E XXX 0 XXX 9 XXX XXX XXX XXX XXX 0299999 Total XXX XXX XXX STATEMENT AS OF SEPTEMBER 30, 2017 OF THE Citizens Property Insurance Corporation SCHEDULE DL - PART 1 SECURITIES LENDING COLLATERAL ASSETS Reinvested Collateral Assets Owned Current Statement Date 1 2 3 4 5 6 7 CUSIP NAIC Designation/Market Book/Adjusted Identification Description Code Indicator Fair Value Carrying Value Maturity Dates Bonds - U.S. Governments - Issuer Obligations Bonds - U.S. Governments - Residential Mortgage-Backed Securities Bonds - U.S. Governments - Commercial Mortgage-Backed Securities Bonds - U.S. Governments - Other Loan-Backed and Structured Securities Bonds - All Other Governments - Issuer Obligations Bonds - All Other Governments - Residential Mortgage-Backed Securities Bonds - All Other Governments - Commercial Mortgage-Backed Securities Bonds - All Other Governments - Other Loan-Backed and Structured Securities Bonds - U.S. States, Territories and Possessions (Direct and Guaranteed) - Issuer Obligations Bonds - U.S. States, Territories and Possessions (Direct and Guaranteed) - Residential Mortgage-Backed Securities Bonds - U.S. States, Territories and Possessions (Direct and Guaranteed) - Commercial Mortgage-Backed Securities Bonds - U.S. States, Territories and Possessions (Direct and Guaranteed) - Other Loan-Backed and Structured Securities Bonds - U.S. Political Subdivisions of States, Territories and Possessions (Direct and Guaranteed) - Issuer Obligations Bonds - U.S. Political Subdivisions of States, Territories and Possessions (Direct and Guaranteed) - Residential Mortgage-Backed Securities Bonds - U.S. Political Subdivisions of States, Territories and Possessions (Direct and Guaranteed) - Commercial Mortgage-Backed Securities Bonds - U.S. Political Subdivisions of States, Territories and Possessions (Direct and Guaranteed) - Other Loan-Backed and Structured Securities Bonds - U.S. Special Revenue and Special Assessment Obligations and all Non-Guaranteed Obligations of Agencies and Authorities of Governments and Their Political Subdivisions - Issuer Obligations Bonds - U.S. Special Revenue and Special Assessment Obligations and all Non-Guaranteed Obligations of Agencies and Authorities of Governments and Their Political Subdivisions - Residential Mortgage-Backed Securities Bonds - U.S. Special Revenue and Special Assessment Obligations and all Non-Guaranteed Obligations of Agencies and Authorities of Governments and Their Political Subdivisions - Commercial Mortgage-Backed Securities Bonds - U.S. Special Revenue and Special Assessment Obligations and all Non-Guaranteed Obligations of Agencies and Authorities of Governments and Their Political Subdivisions - Other Loan-Backed and Structured Securities Bonds - Industrial and Miscellaneous (Unaffiliated) - Issuer Obligations Bonds - Industrial and Miscellaneous (Unaffiliated) - Residential Mortgage-Backed Securities Bonds - Industrial and Miscellaneous (Unaffiliated) - Commercial Mortgage-Backed Securities Bonds - Industrial and Miscellaneous (Unaffiliated) - Other Loan-Backed and Structured Securities Bonds - Hybrid Securities - Issuer Obligations Bonds - Hybrid Securities - Residential Mortgage-Backed Securities Bonds - Hybrid Securities - Commercial Mortgage-Backed Securities Bonds - Hybrid Securities - Other Loan-Backed and Structured Securities Bonds - Parent, Subsidiaries and Affiliates - Issuer Obligations Bonds - Parent, Subsidiaries and Affiliates - Residential Mortgage-Backed Securities Bonds - Parent, Subsidiaries and Affiliates - Commercial Mortgage-Backed Securities Bonds - Parent, Subsidiaries and Affiliates - Other Loan-Backed and Structured Securities Bonds - SVO Identified Funds - Exchange Traded Funds - as Identified by the SVO Bonds - SVO Identified Funds - Bond Mutual Funds - as Identified by the SVO Stocks - Preferred Stocks - Industrial and Miscellaneous (Unaffiliated) Stocks - Preferred Stocks - Parent, Subsidiaries, and Affiliates Stocks - Common Stocks - Industrial and Miscellaneous (Unaffiliated) Stocks - Common Stocks - Parent, Subsidiaries, and Affiliates Stocks - Common Stocks - Mutual Funds Stocks - Common Stocks - Money Market Mutual Funds Real Estate (Schedule A type) Mortgage Loans on Real Estate (Schedule B type) Other Invested Assets (Schedule BA type) Short-Term Invested Assets (Schedule DA type) Cash (Schedule E Part 1 type) Cash Equivalents (Schedule E Part 2 type) Other Assets 9999999 Totals XXX

General Interrogatories: 1. Total activity for the year to date Fair Value $ Book/Adjusted Carrying Value $ 2. Average balance for the year to date Fair Value $ Book/Adjusted Carrying Value $ 3. Reinvested securities lending collateral assets book/adjusted carrying value included in this schedule by NAIC designation: NAIC 1 $ NAIC 2 $ NAIC 3 $ NAIC 4 $ NAIC 5 $ NAIC 6 $

E10 STATEMENT AS OF SEPTEMBER 30, 2017 OF THE Citizens Property Insurance Corporation SCHEDULE DL - PART 2 SECURITIES LENDING COLLATERAL ASSETS Reinvested Collateral Assets Owned Current Statement Date 1 2 3 4 5 6 7

CUSIP NAIC Designation/Market Book/Adjusted Identification Description Code Indicator Fair Value Carrying Value Maturity Dates Bonds - U.S. Governments - Issuer Obligations Bonds - U.S. Governments - Residential Mortgage-Backed Securities Bonds - U.S. Governments - Commercial Mortgage-Backed Securities Bonds - U.S. Governments - Other Loan-Backed and Structured Securities Bonds - All Other Governments - Issuer Obligations Bonds - ll Other Governments - Residential Mortgage-Backed Securities Bonds - All Other Governments - Commercial Mortgage-Backed Securities Bonds - All Other Governments - Other Loan-Backed and Structured Securities Bonds - U.S. States, Territories and Possessions (Direct and Guaranteed) - Issuer Obligations Bonds - U.S. States, Territories and Possessions (Direct and Guaranteed) - Residential Mortgage-Backed Securities Bonds - U.S. States, Territories and Possessions (Direct and Guaranteed) - Commercial Mortgage-Backed Securities Bonds - U.S. States, Territories and Possessions (Direct and Guaranteed) - Other Loan-Backed and Structured Securities Bonds - U.S. Political Subdivisions of States, Territories and Possessions (Direct and Guaranteed) - Issuer Obligations Bonds - U.S. Political Subdivisions of States, Territories and Possessions (Direct and Guaranteed) - Residential Mortgage-Backed Securities Bonds - U.S. Political Subdivisions of States, Territories and Possessions (Direct and Guaranteed) - Commercial Mortgage-Backed Securities Bonds - U.S. Political Subdivisions of States, Territories and Possessions (Direct and Guaranteed) - Other Loan-Backed and Structured Securities Bonds - U.S. Special Revenue and Special Assessment Obligations and all Non-Guaranteed Obligations of Agencies and Authorities of Governments and Their Political Subdivisions - Issuer Obligations Bonds - U.S. Special Revenue and Special Assessment Obligations and all Non-Guaranteed Obligations of Agencies and Authorities of Governments and Their Political Subdivisions - Residential Mortgage-Backed Securities Bonds - U.S. Special Revenue and Special Assessment Obligations and all Non-Guaranteed Obligations of Agencies and Authorities of Governments and Their Political Subdivisions - Commercial Mortgage-Backed Securities Bonds - U.S. Special Revenue and Special Assessment Obligations and all Non-Guaranteed Obligations of Agencies and Authorities of Governments and Their Political Subdivisions - Other Loan-Backed and Structured Securities Bonds - Industrial and Miscellaneous (Unaffiliated) - Issuer Obligations Bonds - Industrial and Miscellaneous (Unaffiliated) - Residential Mortgage-Backed Securities Bonds - Industrial and Miscellaneous (Unaffiliated) - Commercial Mortgage-Backed Securities Bonds - Industrial and Miscellaneous (Unaffiliated) - Other Loan-Backed and Structured Securities Bonds - Hybrid Securities - Issuer Obligations Bonds - Hybrid Securities - Residential Mortgage-Backed Securities Bonds - Hybrid Securities - Commercial Mortgage-Backed Securities Bonds - Hybrid Securities - Other Loan-Backed and Structured Securities Bonds - Parent, Subsidiaries and Affiliates - Issuer Obligations Bonds - Parent, Subsidiaries and Affiliates - Residential Mortgage-Backed Securities Bonds - Parent, Subsidiaries and Affiliates - Commercial Mortgage-Backed Securities Bonds - Parent, Subsidiaries and Affiliates - Other Loan-Backed and Structured Securities Bonds - SVO Identified Funds - Exchange Traded Funds - as Identified by the SVO Bonds - SVO Identified Funds - Bond Mutual Funds - as Identified by the SVO Stocks - Preferred Stocks - Industrial and Miscellaneous (Unaffiliated) Stocks - Preferred Stocks - Parent, Subsidiaries, and Affiliates Stocks - Common Stocks - Industrial and Miscellaneous (Unaffiliated) Stocks - Common Stocks - Parent, Subsidiaries, and Affiliates Stocks - Common Stocks - Mutual Funds Stocks - Common Stock - Money Market Mutual Funds Real Estate (Schedule A type) Mortgage Loans on Real Estate (Schedule B type) Other Invested Assets (Schedule BA type) Short-Term Invested Assets (Schedule DA type) Cash (Schedule E Part 1 type) Cash Equivalents (Schedule E Part 2 type) Other Assets 9999999 Totals XXX

General Interrogatories: 1. Total activity for the year to date Fair Value $ Book/Adjusted Carrying Value $ 2. Average balance for the year to date Fair Value $ Book/Adjusted Carrying Value $

E11 STATEMENT AS OF SEPTEMBER 30, 2017 OF THE Citizens Property Insurance Corporation

SCHEDULE E - PART 1 - CASH Month End Depository Balances 1 2 3 4 5 Book Balance at End of Each 9 Month During Current Quarter Amount of Amount of 6 7 8 Interest Interest Received Accrued at Rate During Current of Current Statement Depository Code Interest Quarter Date First Month Second Month Third Month * Open Depositories PLA Master - #6637 Wells Farge - Jax, FL 1,943,210 719,306 1,023,185 XXX AP Cash Operating - #6747 Wells Farge - Jax, FL (3,228,820) (2,628,599) (1,794,086) XXX PLA Payroll - #5644 Wells Farge - Jax, FL (6,212) (26,325) (34,080) XXX Agent Contract Fees - #5201 Wells Farge - Jax, FL 1,375 1,875 4,500 XXX GW PLA Depository - #8940 Wells Farge - Jax, FL 1,055,091 970,327 699,634 XXX Self-Funded Health Insurance Plan - #0266 Wells Farge - Jax, FL XXX GW PLA Depository Return Items - #6484 Wells Farge - Jax, FL (999) 12,614 20,701 XXX GW PLA Return Premium - #8932 Wells Farge - Jax, FL (2,739,509) (2,407,938) (2,263,891) XXX ePas Return Premium - #6967 Wells Farge - Jax, FL (297,554) (238,798) XXX GW PLA Commissions - #8957 Wells Farge - Jax, FL (170,694) (124,998) (157,561) XXX PLA Field Claims - #7186 Wells Farge - Jax, FL (2,410) XXX Wells Fargo ePas Commissions - #7076 Wells Farge - Jax, FL (1) (1) XXX GW PLA Indemnity - #8339 Wells Farge - Jax, FL (30,307,877) (30,594,026) (37,327,307) XXX Wells Fargo ePas Claims - #6857 Wells Farge - Jax, FL (22,487) 3,695 XXX Wells Fargo Block Policy - #3556 Wells Farge - Jax, FL XXX GW PLA LAE - #8347 Wells Farge - Jax, FL (1,839,401) (1,594,424) (3,080,983) XXX CLA Master - #5678 Wells Farge - Jax, FL 398,229 109,144 109,206 XXX GW CLA Depository - #8908 Wells Farge - Jax, FL 382 12,883 XXX GW CLA Depository Return Items - #8221 Wells Farge - Jax, FL XXX CLA Return Premium - #8890 Wells Farge - Jax, FL (57,711) (278,901) (85,264) XXX GW CLA Indemnity - #2258 Wells Farge - Jax, FL (881,852) (1,248,369) (525,301) XXX GW CLA LAE - #2266 Wells Farge - Jax, FL (41,136) (67,347) (82,391) XXX Coastal Master - #0195 Wells Farge - Jax, FL 2,268,969 1,031,538 1,244,009 XXX Flexible Spending - #2997 Wells Farge - Jax, FL XXX GW Coastal Depository - #8924 Wells Farge - Jax, FL 688,460 659,723 390,390 XXX Coastal ePas Premium Depository - #2708 Wells Farge - Jax, FL XXX GW Coastal Depository Return Items - #8239 Wells Farge - Jax, FL 3,826 12,849 23,745 XXX GW Coastal Return Premium - #8916 Wells Farge - Jax, FL (2,337,153) (2,348,398) (2,094,056) XXX Coastal ePas Return Premium - #3448 Wells Farge - Jax, FL (137,163) (139,630) (112,499) XXX Coastal General Disbursements - #6731 Wells Farge - Jax, FL (8) XXX GW Coastal Indemnity - #2274 Wells Farge - Jax, FL (8,738,223) (8,577,687) (13,322,060) XXX Coastal ePas Claims - #2711 Wells Farge - Jax, FL (1,059) 9,348 XXX Coastal Field Claims - #2685 Wells Farge - Jax, FL (56,340) XXX ePas Field Claims - #7186 Wells Farge - Jax, FL XXX GW Coastal LAE - #2282 Wells Farge - Jax, FL (384,178) (319,641) (905,574) XXX FSLSO Assessment Lockbox - #1456 Wells Farge - Jax, FL 100,000 100,000 100,000 XXX FSLSO Assessment Lockbox Sweep - #1456 Wells Farge - Jax, FL 8,160,294 8,175,109 8,170,652 XXX BNP PARIBAS CD 1.45 05582WE34 07MAR2018 FR 0 1.450 3,746 3,000,000 3,000,000 XXX BNP PARIBAS SA/NEW YORK 05582WEZ3 NY US 10/0 1.500 3,000,480 XXX BANK TOKYO MITSUBISHI UJF 06538NKS5 US 11/09 1.480 52,787 4,000,000 4,000,000 4,000,000 XXX CANADIAN IMP BK NY INSTL 13606BKA3 C/D US 12 1.340 21,663 6,000,000 6,000,000 6,000,000 XXX COMMONWEALTH BANK OF 20271EMC0 AUSTRALIA/NEW YOR 1.571 10,960 7,853 3,000,000 3,000,000 3,000,000 XXX CREDIT SUISSE AG N CD 22549LGK5 1.65 15JUN18 1.650 550 3,000,000 XXX CREDIT SUISSE AG/NEW YORK 22549VK51 NY CH 11 1.536 1,557 188 400,000 400,000 400,000 XXX CREDIT SUISSE GROU CD 22549VN58 1.46 21NOV17 1.460 13,383 3,000,000 3,000,000 XXX NORINCHUKIN BK NEW YORK 65602USD1 BRH 10NOV17 1.400 16,800 3,000,000 3,000,000 3,000,000 XXX SOCIETE GENERALE NY C/D 83369YTE6 1.340% 10/31/2 1.340 3,000,000 XXX SOCIETE GENERALE NY CD 83369YUC8 1.43 31JAN18 1.430 4,767 3,000,000 3,000,000 XXX STATE STR BK + TR CD 1.30 8574P1KZ8 23OCT17 1.300 4,117 3,000,000 3,000,000 XXX SUMITOMO MITSUI TRUST 86564EHS8 BANK LIMITED/ NE 1.993 1,000,000 XXX SWEDBANK (SPARBANK) C/D 87019UTQ2 US 11/21/2 1.250 32,604 2,998,583 2,998,976 2,999,355 XXX TORONTO DOMINION BK 89113WUG9 US 01/08/2018 1.520 1,000,000 XXX UBS AG STAMFORD B CD 1.42 90275DFC9 13NOV17 1.420 3,000,000 XXX UBS AG STAMFORD BRH INTL 90275DGY0 C 10MAY18 1.550 18,471 3,000,679 3,000,598 XXX WELLS FARGO BN NA US 94989REQ7 01/05/2018 1.550 1,000,000 XXX WESTPAC BANKING CORP/NY 96121T2J6 US 01/09/2 1.749 (4,457) 1,599 1,500,000 1,500,000 XXX BANK OF NEW YOR K MEL 3,707,492 (3,257,649) 293,836 XXX 0199998 Deposits in depositories that do not exceed the allowable limit in any one depository (See Instructions) - Open Depositories XXX XXX XXX 0199999 Total Open Depositories XXX XXX 8,060 178,528 3,331,525 (6,205,921) (15,589,909) XXX

0399999 Total Cash on Deposit XXX XXX 8,060 178,528 3,331,525 (6,205,921) (15,589,909) XXX 0499999 Cash in Company’s Office XXX XXX XXX XXX XXX 0599999 Total XXX XXX 8,060 178,528 3,331,525 (6,205,921) (15,589,909) XXX

E12 STATEMENT AS OF SEPTEMBER 30, 2017 OF THE Citizens Property Insurance Corporation SCHEDULE E - PART 2 - CASH EQUIVALENTS

Show Investments Owned End of Current Quarter 1 2 3 4 5 6 7 8 Date Rate of Maturity Book/Adjusted Amount of Interest Amount Received Description Code Acquired Interest Date Carrying Value Due & Accrued During Year Bonds: U.S. Governments - Issuer Obligations Bonds: U.S. Governments - Residential Mortgage-Backed Securities Bonds: U.S. Governments - Commercial Mortgage-Backed Securities Bonds: U.S. Governments - Other Loan-Backed and Structured Securities Bonds: All Other Governments - Issuer Obligations Bonds: All Other Governments - Residential Mortgage-Backed Securities

Bonds: All Other Governments - Commercial Mortgage-Backed Securities Bonds: All Other Governments - Other Loan-Backed and Structured Securities Bonds: U.S. States, Territories and Possessions (Direct and Guaranteed) - Issuer Obligations STATE OF CALIFORNIA 09/19/2017 5.000 10/01/2017 450,000 11,250 (545) 1199999 - Bonds: U.S. States, Territories and Possessions (Direct and Guaranteed) - Issuer Obligations 450,000 11,250 (545) Bonds: U.S. States, Territories and Possessions (Direct and Guaranteed) - Residential Mortgage-Backed Securities Bonds: U.S. States, Territories and Possessions (Direct and Guaranteed) - Commercial Mortgage-Backed Securities Bonds: U.S. States, Territories and Possessions (Direct and Guaranteed) - Other Loan-Backed and Structured Securities 1799999 - Bonds: U.S. States, Territories and Possessions (Direct and Guaranteed) - Subtotals 450,000 11,250 (545) Bonds: U.S. Political Subdivisions of States, Territories and Possessions (Direct and Guaranteed) - Issuer Obligations Bonds: U.S. Political Subdivisions of States, Territories and Possessions (Direct and Guaranteed) - Residential Mortgage-Backed Securities Bonds: U.S. Political Subdivisions of States, Territories and Possessions (Direct and Guaranteed) - Commercial Mortgage-Backed Securities Bonds: U.S. Political Subdivisions of States, Territories and Possessions (Direct and Guaranteed) - Other Loan-Backed and Structured Securities U.S. Special Revenue and Special Assessment Obligations and all Non Guaranteed Obligations of Agencies and Authorities of Governments and Their Political Subdivisions - Issuer Obligations U.S. Special Revenue and Special Assessment Obligations and all Non Guaranteed Obligations of Agencies and Authorities of Governments and Their Political Subdivisions - Residential Mortgage-Backed Securities U.S. Special Revenue and Special Assessment Obligations and all Non Guaranteed Obligations of Agencies and Authorities of Governments and Their Political Subdivisions - Commercial Mortgage-Backed Securities

E U.S. Special Revenue and Special Assessment Obligations and all Non Guaranteed Obligations of Agencies and Authorities of Governments and Their Political Subdivisions - Other Loan-Backed and Structured Securities

1 Industrial and Miscellaneous (Unaffiliated) - Issuer Obligations

3 Industrial and Miscellaneous (Unaffiliated) - Residential Mortgage-Backed Securities Industrial and Miscellaneous (Unaffiliated) - Commercial Mortgage-Backed Securities Industrial and Miscellaneous (Unaffiliated) - Other Loan-Backed and Structured Securities Hybrid Securities - Issuer Obligations Hybrid Securities - Residential Mortgage-Backed Securities Hybrid Securities - Commercial Mortgage-Backed Securities Hybrid Securities - Other Loan-Backed and Structured Securities Parent, Subsidiaries and Affiliates Bonds - Issuer Obligations Parent, Subsidiaries and Affiliates Bonds - Residential Mortgage-Backed Securities Parent, Subsidiaries and Affiliates Bonds - Commercial Mortgage-Backed Securities Parent, Subsidiaries and Affiliates Bonds - Other Loan-Backed and Structured Securities Bonds - SVO Identified Funds - Exchange Traded Funds - as Identified by the SVO Bonds - SVO Identified Funds - Bond Mutual Funds - as Identified by the SVO 7799999 - Total Bonds - Subtotals - Issuer Obligations 450,000 11,250 (545) 8399999 - Total Bonds - Subtotals - Bonds 450,000 11,250 (545) Sweep Accounts Other Cash Equivalents 8699999 Total Cash Equivalents 450,000 11,250 (545)